For Sale
$99,000

2706 Whitner StAnderson, SC 29626

High-Yield Single-Family Rental

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a single-family rental property located at 2706 W Whitner St, Anderson, SC 29626. The property, built in 1986, boasts 840 square feet and sits on a 0.295-acre lot with 70 feet of highway frontage. Currently 100% occupied, this Class C multifamily property generates a substantial net operating income (NOI) of $10,573 annually, translating to a compelling 10.68% capitalization rate. The asking price is $99,000, representing a price per square foot of $117.86 and a price per unit of $99,000. The property features two bedrooms and two bathrooms and is zoned for residential use. This value-add investment presents a strong cash flow potential with a long-term tenant currently paying $1,160 per month. The property's location on Hwy 24 offers excellent visibility and accessibility. This is an ideal opportunity for investors seeking a high-return, low-maintenance rental property in a desirable South Carolina location. The property consists of one building.

Highlights

  • Exceptional single-family rental investment opportunity in Anderson, SC.
  • 840 sq ft, 2 bed/2 bath home on a 0.295-acre lot with 70 ft of highway frontage.
  • Currently 100% occupied, generating $10,573 annual NOI and a 10.68% cap rate.
  • Asking price: $99,000 ($117.86/sq ft).
  • Strong cash flow with a long-term tenant paying $1,160/month.
  • Excellent visibility and accessibility due to Hwy 24 location.

Property Details for 2706 Whitner St

Property type
Residential income homes
Square Feet
840 SF
Class
C
Year Built
1986
Buildings
1
Lot Size (sq. ft)
12,850 SF
Units
1

Location Insight

City
Anderson
County
Anderson
State
South Carolina
Latitude
34.5022579
Longitude
-82.6865373
2706 Whitner St, Anderson, South Carolina

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2706 Whitner St
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