1913 Mitchell Street, Columbia, SC 29205

$89,000
2.0
BA
List Price
$89,000
Price Change
▼ $500 1518044216
MLS#
440928
Status
ACTIVE
Days on Market
14
Type
Multifamily
Year Built
1940
City
Columbia
Area
Columbia - South
County
Richland
Neighborhood
Rosewood
Bathrooms
2.0

Property Description

Cashflow today with room to grow for investors and house hackers. This 2 by 2br,1ba duplex is currently earning $400 a side. It isn't a pretty property, but with some landscaping and upgrades, it could be a gem in an up-and-coming part of Columbia near the University. Or just keep the lights on and watch the cash flow in. Tenants pay all utilities, costs are insurance and taxes (and optional property management). Section 8 2br,1ba units can earn $600 or more per month, so there is room to grow, even more if you invest in upgrading the property. Leases just went month-to-month January. Property sold AS-IS. Taxes $1,629.46 Insurance $646 Property Management 10% Typical Current NOI including property management $6,365 Pro-forma NOI at $550 rent including property management $9605. Owner financing available. Sample deal: Master lease with option to buy - $2,000 option for 12 months, applied to purchase price of $104,500 $875 per month.

Additional Information

Parking Spaces
4
Total Units
2
Stories
1.0
School District
Richland One
Elementary School
Rosewood
Middle School
Hand
High School
Dreher
Total Heated Square Feet
1378

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Coldwell Banker Residential Brokerage.