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$ 520,000
Est. payment | /mo
6,292 SqFt
$ 520,000
Est. payment | /mo
6,292 SqFt
Key Details
Property Type Multi-Family, Apartment
Sub Type Apartment 4+
Listing Status Active
Purchase Type For Sale
Square Footage 6,292 sqft
Price per Sqft $82
Subdivision City
MLS Listing ID 2602043
Year Built 1950
Property Sub-Type Apartment 4+
Property Description
Excellent investment opportunity in the Historic District of Cheraw featuring eight potential rental units, with seven currently available for rental use. This multi-unit property offers a strong income-producing opportunity with a combination of updated units, recent renovations, and future value-add potential. Several units have received improvements in recent years including updated HVAC split systems, flooring, cabinetry, windows, appliances, plumbing updates, and roof replacements. One unit has been stripped to the studs and presents an excellent opportunity for renovation or possible conversion into a shared laundry facility for tenants. Current rental income is already in place on select occupied units, while vacant units provide immediate opportunity for increased cash flow and tenant placement. The property includes a mix of ground-floor and upper-level units, with varying layouts and features throughout. Located in the heart of Cheraw's Historic District, this property is positioned in an area with continued demand for rental housing, making it an attractive option for investors seeking long-term growth and income potential. Shown by appointment only. Preapproval letter or proof of funds required prior to showing.
Location
State SC
County Chesterfield
Area Cheraw
Interior
Heating Heat Pump, Central
Cooling Central Air, Heat Pump
Flooring Carpet, Vinyl, Laminate
Fireplace No
Exterior
Parking Features On Street
Roof Type Composite Shingle,Metal
Garage No
Building
Story 2
Sewer Public Sewer
Water Public
Schools
Elementary Schools Cheraw Primary
Middle Schools Cheraw Interm.
High Schools Cheraw High
School District Cheraw High
Listed by: Lewis Realty • Mary D Anderson
Schools and Properties Nearby