Three rental units for sale in Orangeburg SC

[Arthur Schwartz]

Good morning! I am offering for sale a SFH and Duplex (three rental units) in Orangeburg SC.

Details

1. When I bought them, they were on one lot. This has been legally subdivided so each property can be bought, sold, or financed separately. Currently, there is a mortgage on the SFH but none on the duplex.
2. It’s strongly preferred to sell both the house and duplex in one sale, rather than separately.
3. Each requires some repairs but are being offered on a combined basis at a price well below appraised value. There definitely is a BRRR opportunity.
4. As a rental, at the listing price they can be close to the 1% rule.
5. Orangeburg is home to two HBCUs so there is a possible college play by renting to students, a fraternity, or a sorority. Each school may have a list of students looking for nearby housing.
6. Orangeburg is about 45 minutes from Columbia and about 90 minutes from Charleston. Unlike Charleston, no flood insurance is required.
7. There is a large outbuilding on the lot with the duplex, about 750 square feet. With proper permits, it could be fixed into a fourth rental unit. If converted into two floors of about 750 square feet each, the value could be substantial. However the cost would be substantial also. This would be a value add opportunity.
8. The SFH is about 1,400 square feet. The duplex is two apartments of about 750 to 900 square feet each; or about 1,800 square feet total. It would be possible to convert the duplex into an two level SFH.
9. Everything is sold on an AS IS, WHERE IS basis. Seller will do no repairs. Also, no seller financing.
10. The units are on septic, although with proper permits, they can be connected to city sewer.
11. The SFH and duplex share the parking area, which has enough room for four cars or more.
12. If interested, please contact my agent, Renata Smalls; 843-864-3990 – Cell; [email protected]

Thank you!