These three mobile homes on approximately 1.1 acres close to Interstate 20, making it convenient to Aiken, Augusta, and Columbia. Two of the homes are three bedroom, two bathroom, and one home is two bedroom, two bathroom. The homes are served by a Well; the Landlord pays for the electricity for the well pump; approximately $36 per month. Each home has its own septic tank. The three bedroom homes were renovated approximately two years ago, and the two bedroom home was renovated approximately one year ago. The three bedroom homes rent for $900 per month, and the two bedroom home rents for $1,100 per month. Gross income is $2,900 per month, or $38,400 per year. Property Taxes are approximately $800 per year for the land, and all three homes. Insurance on the property and homes is approximately $1,920 per year. Based upon the current rents, and expenses, this property provides approximately 13.2% Net Operating Income. Given today's rental market in Aike County, there is room for the rents to be increased, and the Net Operating Income to be increased as well.
***OWNER FINANCING WITH ACCEPTED OFFER*** Calling ALL INVESTORS! If you're looking for an investment property that is BETTER than the 1% rule of thumb, here it is. Take a look at this multi family property located in Aiken County. No city taxes with this one! The property consists of (3) Single family homes. There's a 2 bedroom 1 bathroom house, 1 bedroom 1 bathroom house, and a 2 bedroom 1 bathroom mobile home, all on 1 parcel. These are tenant occupied and you'd be cash flowing from day 1! As an added bonus, each unit has its own dedicated 8x10 storage building that can be used as additional rental income
Inside pictures are available with qualified buyers with proof of funds or letter of credit. Showings are available exclusively with an acceptable offer. Please respect the privacy of the current tenants. Investment Opportunity- Aiken Southside. Discover the potential of this versatile property zoned RUD. This investment property boasts a myriad of possibilities. Three independent rentals and ample space for further development, this expansive parcel of 1.53 acres offers an array of potential for additional growth. Three Independent Rentals: Currently occupied, these units offer various configurations including one 3-bed/2-bath unit, one 2-bed/2-bath unit, and one 1-bed/1-bath unit. The largest rental has been remodeled approx. 2 years ago, ensuring modern comfort for tenants. Location of units are set back off the main road. There is great open and good parking space, tenants enjoy convenience and accessibility. Good development potential- The property includes an open area approximately 118' x 140' +/- with road frontage, offering endless possibilities for further building developments. Ideal for investors or entrepreneurs seeking to expand or start their real estate portfolio. Income and Growth Potential: With an approximate annual gross income of $40,800, low vacancy rates, growth and expansion potential; this property presents a unique investment opportunity.
Aiken is located in South Carolina. Aiken, South Carolina has a population of 31,516. Aiken is less family-centric than the surrounding county with 19.07% of the households containing married families with children. The county average for households married with children is 25.73%.
The median household income in Aiken, South Carolina is $58,125. The median household income for the surrounding county is $57,572 compared to the national median of $69,021. The median age of people living in Aiken is 46.6 years.
The average high temperature in July is 92.1 degrees, with an average low temperature in January of 34.1 degrees. The average rainfall is approximately 47.7 inches per year, with 0.6 inches of snow per year.
