256 Maple Street , Batesburg, SC 29006(Lexington County)

2.24 Acres in Batesburg, SC - $99,900

Unique investment opportunity with 4 single family homes on over 2 acres. Each home has separate electric meter, city water and city sewer. Property has frontage on both Maple Street and Oak Street in Batesburg. House 1 - 3BR/1BA, House 2 - 1BR/1BA, House 3- 2BR/1BA, House 4 - 2BR/1BA. 3 out of the 4 homes previously rented for $1800 per month, but now each home does need TLC. The fourth home does need a complete renovation, but can increase your overall rent. Cap rate calculation utilizing 3 out of 4 homes from previous rent roll - $1,800x12 = $21,600 x 0.7 (assuming 30% in expenses) = $15,120/$114,900 = 13.2%. This property has endless possibilities. Bring all offers!