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Dream Team United

| Dream Team United | Keller Williams Connected | PLACE

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209 Rickenbacker St , Lancaster, SC 29720
$965,000
Est. Payment: $2,144.44/mo
8 Bed
8 Bath
6720 Sqft
Status: Active | Days on site: 60
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House Description

Exceptional investment opportunity featuring an eight-home single-family rental portfolio in Lancaster, SC. All properties are adjacent to one another on the same street and consist of 2-bedroom, 1-bath residences, offering efficient management and maintenance advantages. The surrounding neighborhood is experiencing continued growth, with several new construction homes nearby and increasing rental rates supporting long-term appreciation potential. The portfolio currently generates approximately $7,000 in gross monthly rental income and is 100% occupied, with several tenants having resided in the properties for 10 to 20+ years, providing stable occupancy history. Annual expenses include approximately $2,188 in insurance premiums and $8,349 in property taxes across all properties. The offering also includes a 20' x 20' storage warehouse located behind 237 Rickenbacker Street, with most contents conveying at closing, as well as the vacant lot situated between the corner and 237 Rickenbacker Street, providing additional value and future potential. Conveniently located within a five-minute walk of the city pool and Wylie Street Park, the properties benefit from nearby recreational amenities. Seller will be present for all showings. Please DO NOT DISTURB TENANTS. Please DO NOT COMMUNICATE WITH THE TENANTS UNDER ANY CIRCUMSTANCES. Seller is a licensed real estate agent.

Highlights

Listed by Stacy Johnson , 704-964-3695 Premier South , 704-829-3518.

Property Type

Multi-Family

Lot/Acreage
0.88

Year Built

1950

County

Lancaster

Listing ID

4392585

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:8
  • Bathrooms:8
  • Full Bathrooms:8
Air Cond:Window Unit(s)
Fireplaces:
Above Ground Sq Ft:6720
Below Ground Sq Ft:0
Water:City

Exterior Features

Lot Dimensions:See attachments
Zoning:CITY
Sewer:Public Sewer
Parking Features:Driveway,On Street
Principal Interest
$2,144
Taxes
$615

Home Price

$965,000

Loan Details

30 yrs
%

Down Payment

20%
$193,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$2,144.44

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,144.44 $615.19 $0.00 $2,759.63
Yearly $25,733.33 $7,382.25 $0.00 $33,115.58
Total $772,000.00 $221,467.50 $0.00 $993,467.50

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Lancaster, SC).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.