Orangeburg Rental Home Porftolio 1065 Freeland Street, Orangeburg, SC 29115

Transcription

1 EXECUTIVE SUMMARY OFFERING SUMMARY Sale Price: $240,000 Number Of Units: 4 Cap Rate: 8.1% NOI: $19,434 Lot Size: 0.0 Acres Building Size: 5,000 PROPERTY OVERVIEW 4 Rental houses for sale. owner purchased a large package of properties and these 4 are outliers and they wish to dispose of them. Seller has explored selling the homes as empty single family units but feels like the value is better as an income property. BPO's on each unit are available. Motivated seller so bring all offers. LOCATION OVERVIEW Residential area close to retail and office in Orangeburg, SC. Centrally located and all in same general area. PROPERTY HIGHLIGHTS Centrally Located Close to schools, retail and jobs Great rental history Fee simple units Zoning: Residential Bring all offers MOTIVATED SELLER Price / SF: $48.00

2 ADDITIONAL PHOTOS

3 LOCATION MAPS

4 INCOME & EXPENSES INCOME SUMMARY PER SF Gross Potential Income $32,100 $6.42 Vacancy/Collection Loss (5%) -$1,605 -$0.32 Late Fees $950 $0.19 Gross Income $31,445 $6.29 EXPENSE SUMMARY PER SF Property Taxes $5,469 $1.09 Insurance $1,655 $0.33 Management Fee (6%) $1,887 $0.38 Repairs & Maintenance $3,000 $0.60 Gross Expenses $12,011 $2.40 Net Operating Income $19,434 $3.89

5 RENT ROLL CURRENT CURRENT MARKET MARKET NUMBER USE BED BATH SIZE (SF) RENT RENT (PER SF) RENT RENT/SF 1065 Freeland 3 1 1,104 $550 $0.50 $600 $ Chestnut 3 2 1,420 $700 $0.49 $725 $ George ,254 $648 $0.52 $700 $ Schley 3 1 1,165 $625 $0.54 $650 $0.56 Totals/Averages 4,943 $2,523 $0.51 $2,675 $0.54

6 DEMOGRAPHICS MAP POPULATION 1 MILE 3 MILES 5 MILES Total population 5,847 20,985 31,883 Median age Median age (male) Median age (Female) HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES Total households 1,718 7,685 11,875 # of persons per HH Average HH income $37,118 $39,731 $42,876 Average house value $132,626 $139,073 $137,695 * Demographic data derived from 2010 US Census

7 ADVISOR BIO & CONTACT 1 President & Broker PROFESSIONAL BACKGROUND Joe is a native of Augusta, GA, and currently lives in Columbia County with his wife and five children. He began his career in real estate in 2005 after serving four years in the United States Marine Corps. In 2006 Edge started his own commercial real estate firm and later that year bought out the 90-year-old firm, Sherman & Hemstreet. Currently Sherman & Hemstreet now has more commercial real estate listings and brokers than any other firm in the CSRA. In addition to sales and leasing S&H has grown into one of the largest property management firms in the southeast managing over 4,000 units and over 10,000,000 square feet of space. More recently Sherman & Hemstreet completed the acquisition of McBride Realty and Turner Realty, both local firms. Currently Joe holds the CCIM and SIOR designations. To learn more about these designations go to or MEMBERSHIPS & AFFILIATIONS 3523 Walton Way Ext. Augusta, GA T C Certified Commercial Investment Member (CCIM) Society of Industrial and Office Realtors (SIOR)