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Fully Leased- 4 Unit Multi-Family 2 Multifamily Properties Offered at $419,000 in Multiple Locations
INVESTMENT HIGHLIGHTS
- Fully Leased- 4 units
- Owner pays water. Tenants pay all utilities expect the furnished unit
- 1 furnished rental - 315 Verdery
- Updates to 308 A and B
EXECUTIVE SUMMARY
NOW AVAILABLE! Your next opportunity to own a cash-flowing fourplex with solid updates and strong rental appeal. This property includes a duplex at 308 Belvedere Clearwater Road plus two additional units behind with access from Verdery Street, including a furnished studio at 314 Verdery Street and a seperate 1 bed and 1 bath home at 312 Verdery Street. All units are tenant-occupied with the owner paying water and landscaping. Tenants cover all other utilities except for the furnished unit at 314 Verdery. Recent upgrades to Units 308 A & B include new bathrooms, mini-split HVAC systems, updated cabinets, flooring, fresh paint, and more, reducing immediate capital needs.
Lease rate:
308 A - 2 Bed & 1 Bath -- $1,145
308 B - 3 Bed & 2 Bath -- $1,445
312 Verdery - 1 Bed & 1 bath -- $700
314 Verdery - Studio- 1 bath -- $737 (furnished rental. Furnishings will stay with property. Lock does not convey with the sale)
The wooded lot offers ample parking for all tenants and an attractive setting close to downtown North Augusta and just minutes to downtown Augusta — a location with steady rental demand. Whether you're expanding your portfolio or seeking reliable cash flow with upside potential, this property is a turnkey investment in a highly desirable rental market. Reach out today for a copy of the rent roll. DO NOT disturb the tenants, tours will be scheduled once under contract.
Lease rate:
308 A - 2 Bed & 1 Bath -- $1,145
308 B - 3 Bed & 2 Bath -- $1,445
312 Verdery - 1 Bed & 1 bath -- $700
314 Verdery - Studio- 1 bath -- $737 (furnished rental. Furnishings will stay with property. Lock does not convey with the sale)
The wooded lot offers ample parking for all tenants and an attractive setting close to downtown North Augusta and just minutes to downtown Augusta — a location with steady rental demand. Whether you're expanding your portfolio or seeking reliable cash flow with upside potential, this property is a turnkey investment in a highly desirable rental market. Reach out today for a copy of the rent roll. DO NOT disturb the tenants, tours will be scheduled once under contract.
TAXES & OPERATING EXPENSES (ACTUAL - 2024) |
ANNUAL |
|---|---|
| Gross Rental Income |
$48,324
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$48,324
|
| Taxes |
$4,665
|
| Operating Expenses |
$16,365
|
| Total Expenses |
$21,030
|
| Net Operating Income |
$27,294
|
TAXES & OPERATING EXPENSES (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $48,324 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $48,324 |
| Taxes | |
|---|---|
| Annual | $4,665 |
| Operating Expenses | |
|---|---|
| Annual | $16,365 |
| Total Expenses | |
|---|---|
| Annual | $21,030 |
| Net Operating Income | |
|---|---|
| Annual | $27,294 |
PROPERTY FACTS
| Price | $419,000 | Number of Properties | 2 |
| Price / SF | $117.50 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 3,566 SF |
| Status | Active | Total Land Area | 0.66 AC |
| Price | $419,000 |
| Price / SF | $117.50 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 3,566 SF |
| Total Land Area | 0.66 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 312 Verdery Dr, Belvedere, SC 29841 | Multifamily | 596 SF | 1960 | - |
| 308 Belvedere Clearwater Rd, North Augusta, SC 29841 | Multifamily | 2,970 SF | 1960 | - |
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Fully Leased- 4 Unit Multi-Family
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