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    OFF-MARKET
    Residential income homes

    2 Dairy Rd, Ridge Spring, SC 29129

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    AI-generated overview

    Invest in this exceptional 15-lot residential land opportunity in the new McTier Creek Farms subdivision in Ridge Spring, South Carolina. This development offers a diverse selection of lots ranging in size from 6+ acres to 11+ acres, catering to various needs and preferences. Three 11+ acre lots boast a combination of wooded areas and open fields, perfect for those seeking a blend of privacy and space. Two additional 11+ acre lots provide the added benefit of pond frontage, offering tranquil waterfront views. Five larger lots enjoy the unique advantage of McTier Creek frontage, presenting picturesque settings and potential recreational opportunities. The subdivision's infrastructure will include a road constructed to county specifications, ensuring convenient access and a well-maintained environment. A survey will be provided by the seller to facilitate a smooth and transparent transaction. Lot pricing is competitive, with wooded or wooded/open field lots priced at $6,500 per acre, creek frontage lots at $7,000 per acre, and pond frontage lots at $7,500 per acre. The property is subject to minimal restrictions, prohibiting only the accumulation of junk or junk cars and the placement of mobile homes. A yearly road maintenance fee of $150 will be implemented to ensure the long-term upkeep of the subdivision's infrastructure. This is a remarkable opportunity to acquire prime land in a burgeoning community, offering a variety of uses and significant potential for future growth. The asking price for the entire portfolio is $39,520. Reservations are currently being accepted. The property is located at Lot 2 Dairy Road, Ridge Spring, SC 29129.

    Property profile
    Verified
    Property type Residential income homes
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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