107 David St
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107 David St
10 Unit Apartment Building $1,450,000 ($145,000/Unit) 8.57% Cap Rate Greenville, SC 29609
Investment Highlights
- Fully renovated
- Experienced property management
Executive Summary
Prime investment opportunity just 8 minutes from downtown Greenville and the popular Swamp Rabbit Trail! This fully renovated property includes 10 modern units, each featuring brand-new appliances, with one unit designed for handicapped accessibility. A master lease provides steady income at $13,000 per month, with property management covering all repairs and utilities, while the owner is responsible only for insurance and taxes. This turnkey property offers a worry-free investment in a high-demand location!
Data Room Click Here to Access
- Miscellaneous
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,450,000 | Building Class | C |
| Price Per Unit | $145,000 | Lot Size | 0.33 AC |
| Sale Type | Investment | Building Size | 4,900 SF |
| Cap Rate | 8.57% | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1950/2023 |
| Property Subtype | Apartment | Parking Ratio | 2.04/1,000 SF |
| Apartment Style | Low Rise | Opportunity Zone |
Yes
|
| Price | $1,450,000 |
| Price Per Unit | $145,000 |
| Sale Type | Investment |
| Cap Rate | 8.57% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.33 AC |
| Building Size | 4,900 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1950/2023 |
| Parking Ratio | 2.04/1,000 SF |
| Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
- Dishwasher
- Refrigerator
- Range
Site Amenities
- Fenced Lot
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | - | 460 |
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PROPERTY TAXES
| Parcel Number | 0150.00-15-007.00 | Improvements Assessment | $0 |
| Land Assessment | $5,990 | Total Assessment | $5,990 |
PROPERTY TAXES
Parcel Number
0150.00-15-007.00
Land Assessment
$5,990
Improvements Assessment
$0
Total Assessment
$5,990
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Plenteous Real Estate Estate LLC
107 David St
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