Description
Fantastic value add opportunity to turn this into a double digit cap rate property! This property is situated on a corner lot with ample parking, all brick, metal roof was replaced 5 years ago, and individually metered for electric. Conservative market rents would be appx. $6,600 per month. One unit was previously a restaurant and is still set up as such. Another unit was previously a laundromat and could easily be turned to be active again as several large apartment complexes in the area do not have or provide laundry connections. Two units are currently operating as a salon with spa like services. Each units have their own bathroom. Previous owner even looked at turning it into all residential units. Property has a clear and marketable title and is being sold as-is, where-is with buyer to verify all information! Check out this unique opportunity today! Disclaimer: CMLS has not reviewed and, therefore, does not endorse vendors who may appear in listings.
-
0BEDS
-
0.32ACRES
-
0BATHS
-
01/2 BATHS
-
5,250SQFT
-
$66$/SQFT
School Information
Description
Fantastic value add opportunity to turn this into a double digit cap rate property! This property is situated on a corner lot with ample parking, all brick, metal roof was replaced 5 years ago, and individually metered for electric. Conservative market rents would be appx. $6,600 per month. One unit was previously a restaurant and is still set up as such. Another unit was previously a laundromat and could easily be turned to be active again as several large apartment complexes in the area do not have or provide laundry connections. Two units are currently operating as a salon with spa like services. Each units have their own bathroom. Previous owner even looked at turning it into all residential units. Property has a clear and marketable title and is being sold as-is, where-is with buyer to verify all information! Check out this unique opportunity today! Disclaimer: CMLS has not reviewed and, therefore, does not endorse vendors who may appear in listings.
© 2025 Consolidated Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Melody Branham | Realty One Group Bluffton. Data last updated: 2025-03-26T13:40:47.677.