401 N Fant St.
4 Unit Apartment Building | $575,000 ($143,750/Unit) | 8.79% Cap Rate | Anderson, SC 29621
For Sale
Active
- Date Added:
- September 16, 2024
- Days on Market:
- 2 days
Asking Price $575,000
- Property Type
-
Multifamily
- Square Feet
- 3,800 SF
Listing Contacts
Max Kinser
Verified Profile
- Property Info
Property Overview
401 N Fant St. is a well-positioned 4-plex investment property located in the booming downtown of Anderson, SC. Recent upgrades/improvements and quality tenants. Three of the four units are on long term leases and average $1,200/month/unit. The other unit is currently being operated as an AirBNB grossing approx. $2,000/month.
-NOI = $50,550 based on an assumption of $5,100/month in gross rental income (discounting AirBNB income to $1,500/month)
-Asking Price = $575,000 = 8.8% cap rate
-Yearly Expenses = $10,650 ($7,350 for property taxes, $2,400 for insurance, $900 for landscaping)
Call with questions or to schedule a showing. Property is tenant occupied so notify listing agent before showing.
Owner is licensed SC Real Estate Broker
-NOI = $50,550 based on an assumption of $5,100/month in gross rental income (discounting AirBNB income to $1,500/month)
-Asking Price = $575,000 = 8.8% cap rate
-Yearly Expenses = $10,650 ($7,350 for property taxes, $2,400 for insurance, $900 for landscaping)
Call with questions or to schedule a showing. Property is tenant occupied so notify listing agent before showing.
Owner is licensed SC Real Estate Broker
Property Details
- Class
- C
- Year Built/Renovated
- 1931/2022
- Stories
- 2
- Lot Size (sq. ft)
- 14,375 SF
- Units
- 4
Highlights
- 8.8% Cap Rate
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