2700 Burson RdAnderson, SC 29624

Property Details for 2700 Burson Rd

Property type

Investment properties

Property subtype

Multifamily properties

Description

This exceptional six-unit single-family rental portfolio, situated on 1.5 acres at a prime Anderson, SC intersection (S. Murray Ave. and Manley Dr.), presents a compelling investment opportunity. The property boasts six buildings, each a separate rental unit, and benefits from high visibility due to its location at a trafficked intersection with a stoplight and proximity to two gas stations. Two units have recently undergone complete renovations, including new sheetrock, tubs, toilets, vanities, kitchen cabinets, granite countertops, LVP flooring, and carpet/padding, resulting in a $200 monthly rent increase per unit. This success demonstrates the potential for further value enhancement by renovating the remaining four units, which could boost gross monthly rent by an additional $800. Recent capital improvements (summer 2023) include new roofs, exterior paint, and stained decks, ensuring the property's continued appeal and minimizing immediate maintenance needs. Anderson, SC's strategic location along the I-85 corridor between Atlanta and Charlotte, and its proximity to Greenville, Spartanburg, and Asheville, further enhances the property's investment potential. The property's location in Anderson County, known for its thriving healthcare, education, and hospitality sectors, contributes to a strong rental market. This income-producing asset offers a blend of immediate cash flow and significant upside potential through continued unit upgrades. The property's APN numbers are 1251510001, 0002, 0003, 0004, 0005, and 0006. The asking price is $599,000.

Location Insight

City

Anderson

County

Anderson

State

South Carolina

Latitude

34.4665

Longitude

-82.659

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