310 Walker Ave Greenwood, SC 29649
- Residential income homes
- 9,184 SF
- 0.90 lot acres
Current Use by Public Records
- Residential income homes
Property Details for 310 Walker Ave
- Lot size
- 0.90 lot acres
- Property size
- 9,184 SF
- Property type
- Residential income homes
- APN
- 6856-395-441
Description
This exceptional Greenwood, SC multifamily investment opportunity comprises twelve 2-bedroom, 1-bathroom units spread across a triplex, quadplex, and five-plex, totaling 9,184 square feet on a 0.9-acre lot (APN: 6856-395-441). Priced at $565,000 ($61.52/sq ft, $47,083.33/unit), this property boasts a projected 8% cap rate and a net operating income (NOI) of $44,560 when fully occupied. Each unit features separate utilities (water, gas, and electric), minimizing landlord responsibilities. Four units require minor repairs to achieve full occupancy. The property's strategic location offers convenient access to Lander University (under 10 minutes) and Lake Greenwood (approximately 20 minutes), enhancing its appeal to a wide range of tenants. Furthermore, the presence of extra land presents significant potential for expansion, allowing for the addition of further rental units to increase revenue streams. This turnkey investment is locally managed, ensuring efficient operations and minimizing management overhead. This is a rare chance to acquire a well-positioned multifamily property with substantial growth potential in a desirable South Carolina location.
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
- Greenwood
- County
- Greenwood
- State
- South Carolina
- Longitude
- -82.1445938
- Latitude
- 34.2038734
