2706 Whitner St Anderson, SC 29626
- Residential income homes
- 840 SF
- 0.30 lot acres
Current Use by Public Records
- Residential income homes
Property Details for 2706 Whitner St
- Year built
- 1986
- Lot size
- 0.30 lot acres
- Property size
- 840 SF
- Property type
- Residential income homes
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Anderson
- County
- Anderson
- State
- South Carolina
- Longitude
- -82.6865373
- Latitude
- 34.5022579
