Great investment property that is already generating income!!! Both units are occupied, or you could live in one unit & lease the other side out! Unit A has 3 bedrooms and 2 bathrooms on one side and unit B has 2 bedrooms and 1 bathroom on the other! Both units have open kitchens and spacious living rooms. Both units also have access to a large porch in the front of the property and unit B has two separate porches one on the side and the other in the back of the unit. Plenty of porches to sit unwind and enjoy the breeze. This duplex also sits on a large open corner lot, with lots of space for parking. The property is in the town and within walking distance to the local food store, restaurants, and a park. Come check it out for yourself!
A great opportunity to build passive income with a cap rate of 6.3%! There is an opportunity for expansion as the lot size is 0.92 acres. The property is currently 100% leased with rents below market value, yet still producing a positive cash flow. Constructed in 1983, the property consists of 2 units with 770 sq. ft. The long-term tenants are on a month to month lease. Unit A is rented for $500.00 and Unit B is rented for $550.00 per month. The duplex is self-managed by the Owner. Each floor plan includes a living room, kitchen, bedrooms, bathroom, laundry room, and outside storage room. The metal roof was installed 5 years ago. The septic tank was pumped one year ago for regular maintenance. The Owner has additional multi-family properties available for a package deal.
The median home value in Kingstree, SC is $221,750. This is higher than the county median home value of $77,900. The national median home value is $219,700. The average price of homes sold in Kingstree, SC is $221,750. Approximately 42.98% of Kingstree homes are owned, compared to 41.04% rented, while 15.98% are vacant. Kingstree real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Kingstree real estate agent to arrange a tour today!
Kingstree, South Carolina has a population of 3,150. Kingstree is less family-centric than the surrounding county with 14.38% of the households containing married families with children. The county average for households married with children is 21.5%.
The median household income in Kingstree, South Carolina is $20,000. The median household income for the surrounding county is $30,976 compared to the national median of $57,652. The median age of people living in Kingstree is 45.7 years.
The average high temperature in July is 92 degrees, with an average low temperature in January of 32.4 degrees. The average rainfall is approximately 48.6 inches per year, with 1.1 inches of snow per year.