2212 E Boundary Road, Columbia, SC 29223

$440,000
7.0
BA
List Price
$440,000
Price Change
▲ $15,000 1526680447
MLS#
436700
Status
ACTIVE
Days on Market
182
Type
Multifamily
Year Built
1962
City
Columbia
Area
Columbia Northeast
County
Richland
Neighborhood
Sandy Oak
Bathrooms
7.0

Property Description

Established mobile home park on 4.99 acres strategically located on the corner of East Boundary Road and Faraway Drive. Convenient to downtown, I-77, I-20, schools, Ft. Jackson, and Blue Cross Corporate headquarters. Gross rents of $8600 per month. Room for rents to be increased. Current CAP rate is 12%. Can easily increase this by billing tenants for water and repairing several units. Looking for quick sale at this price. No owner financing. 19 homes currently rented, 4 homes can be rehabbed, 1 home is burned out and would need to be rebuilt. There are 3 empty lots for additional homes. There is also a large storage shed on the property. 16 homes are on county sewer and 8 homes are on septic. Sold 'as is' at this price. Great opportunity. Good cash flow. No seller financing. Do not disturb tenants. Tenants are on a month to month lease.

Additional Information

Parking Spaces
40
Total Units
24
Stories
1.0
School District
Richland Two
Elementary School
Windsor
Middle School
Wright
High School
Richland Northeast
Total Heated Square Feet
15182

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Listing courtesy of Cornerstone Rlty & Invest Llc.