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    Four-Home Residential Income Portfolio Title is generated by Realmo AI

    116/122/124/126 Godfrey St, Cheraw, SC 29520

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    For Sale
    $199,000

    MULTI_FAMILY - Cheraw, SC

    Lot size:
    0.45 Acres
    Added:
    Mar 10, 2026
    Days on Market:
    87
    Last Refresh:
    Jun 4 at 11:06 pm

    Property Features for 116/122/124/126 Godfrey St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    10
    Bathrooms
    4
    Rooms
    Bedroom 7, Bedroom 1, Bathroom 2, Bedroom 5, Bedroom 8, Bathroom 1, Bedroom 3, Bedroom 4, Bedroom 6, Bedroom 10, Bathroom 4, Bedroom 9, Bedroom 2, Bathroom 3
    Parking
    8
    Parking features
    Off Street
    Standard status
    Active
    Lot size
    0.45 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Window Unit(s), Central Air
    Water source
    Public

    Building Details

    Year built
    1950
    Number of units
    4
    Flooring type
    Carpet, Vinyl, Laminate
    Building materials
    Block Masonry, Brick Veneer, Masonite Siding
    Roof type
    Composition

    We can help!

    Listing Contact
    Mary Anderson
    Mary Anderson

    Listing agent Mary Anderson License #81328

    Listing office Lewis Realty 125 Market Street, Cheraw, SC

    Listing date Mar 10, 2026

    MLS# 2600920 Listing URL

    Copyright © 2026 Pee Dee Realtor Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Four income‑generating properties portfolio with a solid rental history (116, 122, 124, and 126 Godfrey).
    • 116 Godfrey (Unit 1): 2 bed/1 bath and sits on its own lot; listed as the largest unit in the portfolio.
    • 122 Godfrey (Unit 2) and 124 Godfrey (Unit 3): 3 bed/1 bath each with the same layout and features.
    • 126 Godfrey (Unit 4): completely renovated 2 bed/1 bath brick home with a new roof and new HVAC plus internal updates.
    • Public utilities include public water and public sewer; central heating and central air are indicated for the property materials/amenities set.

    Overview

    This for-sale residential income portfolio includes four separate properties: 116 Godfrey (Unit 1), 122 Godfrey (Unit 2), 124 Godfrey (Unit 3), and 126 Godfrey (Unit 4). Unit 1 is described as the largest of the four, offering 2 bedrooms and 1 bathroom, and it sits on its own lot next to the other homes. Units 2 and 3 are described as “sister” properties with the same layout, each offering 3 bedrooms and 1 bathroom. Unit 4 is a completely renovated 2-bedroom, 1-bath brick home, with a new roof, new HVAC, and internal updates throughout.

    The properties are situated on the end of a quiet street in Cheraw, South Carolina, in Chesterfield County, near the provided street address: 116/122/124/126 Godfrey St (29520).

    The tenant or ownership mix should appeal to buyers seeking a small, self-contained residential portfolio with unit-level variety. With both 2-bedroom and 3-bedroom configurations, the lineup may support flexible leasing and household fit. The renovated Unit 4—highlighted by a new roof and new HVAC—can be particularly useful for operators looking to reduce near-term capital concerns tied to major building systems. The portfolio also includes an “anchor” property described as 126 Godfrey.
    Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Map

    City
    Cheraw
    County
    Chesterfield
    State
    South Carolina
    Longitude
    -79.884399
    Latitude
    34.690002

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    FAQs

    What type of property is this?
    Multifamily property - Portfolio of four income-generating homes with two- and three-bedroom units, including a fully renovated brick residence.
    Where is this multifamily property located?
    The property is located at 116/122/124/126 Godfrey St Cheraw, SC.
    What is the asking price?
    The asking price for this property is $199,000.
    What are key features of this property?
    This property features: Four income‑generating properties portfolio with a solid rental history (116, 122, 124, and 126 Godfrey).; 116 Godfrey (Unit 1): 2 bed/1 bath and sits on its own lot; listed as the largest unit in the portfolio.; 122 Godfrey (Unit 2) and 124 Godfrey (Unit 3): 3 bed/1 bath each with the same layout and features.
    (843) 921-2002
    We can help!
    Listing Contact
    Mary Anderson
    Mary Anderson
    Real Estate License ID: 81328
    Learn More
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

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

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