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    2706 Whitner St Anderson, SC 29626

    For Sale
    $99,000

    High-Yield Single-Family Rental

    Property size:
    840 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity presents a single-family rental property located at 2706 W Whitner St, Anderson, SC 29626. The property, built in 1986, boasts 840 square feet and sits on a 0.295-acre lot with 70 feet of highway frontage. Currently 100% occupied, this Class C multifamily property generates a substantial net operating income (NOI) of $10,573 annually, translating to a compelling 10.68% capitalization rate. The asking price is $99,000, representing a price per square foot of $117.86 and a price per unit of $99,000. The property features two bedrooms and two bathrooms and is zoned for residential use. This value-add investment presents a strong cash flow potential with a long-term tenant currently paying $1,160 per month. The property's location on Hwy 24 offers excellent visibility and accessibility. This is an ideal opportunity for investors seeking a high-return, low-maintenance rental property in a desirable South Carolina location. The property consists of one building.

    Property Features for 2706 Whitner St

    General Information

    Property type
    Multifamily properties
    Square Feet
    840 SF
    Class
    C
    Lot Size
    12,850 SF

    Building Details

    Year Built
    1986
    Buildings
    1
    Units
    1

    HighLights

    • Exceptional single‑family rental investment opportunity in Anderson, SC.
    • 840 sq ft, 2 bed/2 bath home on a 0.295‑acre lot with 70 ft of highway frontage.
    • Currently 100% occupied, generating $10,573 annual NOI and a 10.68% cap rate.
    • Asking price: $99,000 ($117.86/sq ft).
    • Strong cash flow with a long‑term tenant paying $1,160/month.
    • Excellent visibility and accessibility due to Hwy 24 location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential income homes

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Anderson
    County
    Anderson
    State
    South Carolina
    Longitude
    -82.6865373
    Latitude
    34.5022579

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    FAQs

    What type of property is this?
    Multifamily property - High-Yield Single-Family Rental
    Where is this multifamily property located?
    The property is located at 2706 Whitner St Anderson, SC.
    What is the asking price?
    The asking price for this property is $99,000.
    What are key features of this property?
    This property features: Exceptional single-family rental investment opportunity in Anderson, SC.; 840 sq ft, 2 bed/2 bath home on a 0.295-acre lot with 70 ft of highway frontage.; Currently 100% occupied, generating $10,573 annual NOI and a 10.68% cap rate.
    (864) 224-3503
    Request Owner's contact information
    2706 Whitner St Anderson, SC 29626
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    2706 Whitner St
    Anderson, SC 29626
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2706 Whitner St Anderson, SC 29626
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