PRIVATE ENCLAVE OF RESIDENTIAL UNITS WALKING DISTANCE TO MUSC.
****4 DUPLEXES*** AND... A SIX-PLEX****
25 PARKING SPACES. BEAUTIFULLY RESTORED COMPLEX OF 5 BUILDINGS SURROUNDING TWO GRAVEL PARKING LOTS. ***CAP RATE SHOULD BE AROUND 5.8 PERCENT. ***CHECK OUT THE PHOTOGRAPHS OF THE UNITS. ROOM FOR INCREASING THE RENTS ON THE NEXT CYCLE.
"DUPLEXES ARE EXTREMELY DESIRABLE TO MILLENNIALS BECAUSE OF THEIR ABILITY TO LEGALLY RENT ONE UNIT ON A NIGHTLY BASIS WHILE OCCUPYING THE OTHER UNIT. THIS LENDS ITSELF TO EVENTUALLY SELLING OFF THESE UNITS SEPARATELY AT A HEALTHY PROFIT. THE INCOME FROM NIGHTLY RENTALS OF ONE UNIT OF A DUPLEX WILL GENERALLY PAY YOUR MORTGAGE PITI PLUS GIVE YOU A POSITIVE CASH FLOW OF $1,500-$2,500/MONTH ABOVE THE MORTGAGE PAYMENT PLUS MANAGEMENT COSTS. "
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The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
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