Technical
Financial
Distress signals
Property profile

2700 Burson Rd Anderson, SC 29624

OFF-MARKET
Residential income homes
Property ID
US77-0539947
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Property summary

AI-generated overview

This exceptional six-unit single-family rental portfolio, situated on 1.5 acres at a prime Anderson, SC intersection (S. Murray Ave. and Manley Dr.), presents a compelling investment opportunity. The property boasts six buildings, each a separate rental unit, and benefits from high visibility due to its location at a trafficked intersection with a stoplight and proximity to two gas stations. Two units have recently undergone complete renovations, including new sheetrock, tubs, toilets, vanities, kitchen cabinets, granite countertops, LVP flooring, and carpet/padding, resulting in a $200 monthly rent increase per unit. This success demonstrates the potential for further value enhancement by renovating the remaining four units, which could boost gross monthly rent by an additional $800. Recent capital improvements (summer 2023) include new roofs, exterior paint, and stained decks, ensuring the property's continued appeal and minimizing immediate maintenance needs. Anderson, SC's strategic location along the I-85 corridor between Atlanta and Charlotte, and its proximity to Greenville, Spartanburg, and Asheville, further enhances the property's investment potential. The property's location in Anderson County, known for its thriving healthcare, education, and hospitality sectors, contributes to a strong rental market. This income-producing asset offers a blend of immediate cash flow and significant upside potential through continued unit upgrades. The property's APN numbers are 1251510001, 0002, 0003, 0004, 0005, and 0006. The asking price is $599,000.

Property profile

Verified
Property type Residential income homes
UPID US77-0539947

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store

Location

2700 Burson Rd Anderson, SC 29624
Anderson metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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