Income-Generating
104 Rickert Avenue Landrum, SC 29356
104 Rickert Avenue, Landrum, SC, 29356
$475,000
Pending
For Sale
$475,000
Pending
Quadruplex with four separate units featuring private entrances, dedicated parking, and private decks.
Property Size3,300 SF
Days on Market127
Property Features for 104 Rickert Avenue
General Information
- Standard status
- Pending
- Size
- 3,300 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1965
Listing agency
Leslie Horne and Associates
(864) 707-2315
Listed by
Joey Praytor · License #109966
Source
Xome
Added: Mar 17 Updated: Jul 21 at 2:03AM Checked: Jul 21 at 3:02AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Leslie Horne and Associates
Investment Insights
Based on property information with market context.
This income-producing quadplex consists of four separate residential units, providing four distinct living setups on one property. Across the full building, there are 7 bedrooms and 4 bathrooms. Each unit includes its own private entrance, dedicated parking, and a private deck.
The layout supports day-to-day convenience with functional interior floor plans that include living areas and kitchens, along with well-sized bedrooms. The property is configured to offer residents a degree of privacy and personal outdoor space while keeping each unit independently accessible.
With multiple units under one roof, the building is designed for residential income generation through separate, independently accessed living spaces.
The layout supports day-to-day convenience with functional interior floor plans that include living areas and kitchens, along with well-sized bedrooms. The property is configured to offer residents a degree of privacy and personal outdoor space while keeping each unit independently accessible.
With multiple units under one roof, the building is designed for residential income generation through separate, independently accessed living spaces.
Key Highlights
- Quadruplex with 4 separate units offering a total of 7 bedrooms and 4 bathrooms
- Each unit has a private entrance plus assigned/dedicated parking space
- Units include private outdoor space with decks/porch
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $44.4k | $13.44 |
| − Vacancy | −$2.2k | −$0.67 |
| EGI | $42.1k | $12.77 |
| − OpEx | −$12.6k | −$3.83 |
| NOI | $29.5k | $8.94 |
3,300 SF · lease $13.44/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$421.3K
$368.7K – $491.6K
NOI $29,494 @ 7.0% cap · market cap 6.21%
Second Best
Apartment 5plus
$388.1K
$339.6K – $452.8K
NOI $27,168 @ 7.0% cap · market cap 5.72%
Theoretical Best
Warehouse
$2.56M
$2.24M – $2.99M
NOI $179,330 @ 7.0% cap · market cap 37.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
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FAQs
What type of property is this?
Quadplex - Quadruplex with four separate units featuring private entrances, dedicated parking, and private decks.
Where is this quadplex located?
The property is located at 104 Rickert Avenue Landrum, SC.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Quadruplex with 4 separate units offering a total of 7 bedrooms and 4 bathrooms; Each unit has a private entrance plus assigned/dedicated parking space; Units include private outdoor space with decks/porch
