Income Duplex with Updated
113-115 Hunter Drive Boiling Springs, SC 29316
113-115 Hunter Drive, Boiling Springs, SC, 29316
$315,000
For Sale
$315,000
Two income-producing units each offer 2 bedrooms and 1.5 baths, recently refreshed with new interior paint.
Property Size1,802 SF
Lot Size0.85 Acres
Price / SF$174.81
Days on Market81
Property Features for 113-115 Hunter Drive
General Information
- Standard status
- Active
- Size
- 1,802 SF
- Lot size
- 0.85 Acres
- Property subtype
- Multi-Family / Duplex
Building Details
- Year Built
- 1986
Listing agency
Chucktown Homes Team by LPT
Listed by
Hannah Bright
Source
Compass
Added: May 2 Updated: Jul 21 at 8:02AM Checked: Jul 21 at 8:02AM
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 Chucktown Homes Team by LPT
Investment Insights
Based on property information with market context.
This income-producing duplex offers two separate units on a spacious lot, with active tenants in place. Each unit features approximately 900 square feet of living space, including 2 bedrooms and 1.5 baths. The interior of both units has been recently refreshed with fresh paint.
Unit 115 includes additional improvements, including a 2-year-old HVAC system and new carpet. A porch was poured three years ago, adding to the unit’s recent updates. Active tenants are in place; please do not disturb.
The property is positioned for buyers seeking a turn-key residential income duplex with existing rental occupancy and updates already completed.
Unit 115 includes additional improvements, including a 2-year-old HVAC system and new carpet. A porch was poured three years ago, adding to the unit’s recent updates. Active tenants are in place; please do not disturb.
The property is positioned for buyers seeking a turn-key residential income duplex with existing rental occupancy and updates already completed.
Key Highlights
- Income‑producing duplex on an 0.85‑acre lot with active tenants (please do not disturb)
- Two units, each with about 900 SF of living space, offering 2 bedrooms and 1.5 baths
- Recently refreshed interiors with fresh interior paint in both units
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 | $24.2k | $13.44 |
| − Vacancy | −$1.2k | −$0.67 |
| EGI | $23.0k | $12.77 |
| − OpEx | −$6.9k | −$3.83 |
| NOI | $16.1k | $8.94 |
1,802 SF · lease $13.44/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$230.1K
$201.3K – $268.4K
NOI $16,106 @ 7.0% cap · market cap 5.11%
Second Best
Apartment 5plus
$211.9K
$185.5K – $247.3K
NOI $14,836 @ 7.0% cap · market cap 4.71%
Theoretical Best
Warehouse
$1.40M
$1.22M – $1.63M
NOI $97,925 @ 7.0% cap · market cap 31.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two income-producing units each offer 2 bedrooms and 1.5 baths, recently refreshed with new interior paint.
Where is this duplex located?
The property is located at 113-115 Hunter Drive Boiling Springs, SC.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Income‑producing duplex on an 0.85‑acre lot with active tenants (please do not disturb); Two units, each with about 900 SF of living space, offering 2 bedrooms and 1.5 baths; Recently refreshed interiors with fresh interior paint in both units
