105 Broughton Rd

    Moncks Corner, SC 29461
    • $215,000
    • STATUS: Active
    • ON SITE: 6 days
    • ID#: 30528119
    New On Site 6 Days Ago
    UPDATED: 54 min ago
    $215,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    County:

    School Ratings & Info

    Description

    This property has the potential to become a cash cow for the right investor. It's a value add property priced accordingly that has the potential to make anywhere from $30-80K+ a year through commercial, short term or multi-family renting. The home is 2,000 SF, will be 2,800 SF with the porch enclosed, and sits on a 0.3 acre lot (which means plenty of room for parking) and is zoned commercial or residential. Moncks Corner continues to grow rapidly, yet there's only one hotel and minimal offices in the town, making this property a great investment with massive potential. As seen within the plans, this building has the potential to be broken into 4 separate spaces with 3 different entrances. If interested in a commercial property, this has the capacity to offer 9 individual offices with 4 reception areas. With potential gross profit ranging from $800-$1,100 per unit per month, with even a 20% vacancy, you can make $30,720- $42,240 a year. For investors interested in short term rental or multi-family opportunities, you can add 1-2 more bathrooms to offer both 1 and 2 bedroom units. There are currently no STR restrictions in Moncks Corner and only 1 hotel, which has a nightly average rate of $110. With a vacancy rate of only 30% and a $75 nightly rate (off season price), you can bring in $76,650 a year, or up to $80K with peak season pricing with STR's. For a longer term rental, separate this home into a quadplex, making them either 1/1 or 2/1 units. The average rent for a 1/1 is $750/month and a 2/1 is $900. The GPI with a vacancy rate of 15% for 4 1/1's is around $30,600/year. It is rare to find a property with so much potential in a growing area. The options make this a good deal for any investor looking for a value-add commercial, STR or multi-family property.

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    www.thecassinagroup.com/homes/100700826

    105 Broughton Rd Moncks Corner, SC 29461

    • Price: $215,000
    • Status: Active
    • Updated: 54 min ago
    • ID#: 30528119
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    Neighborhood:
    Moncks Corner and Pinopolis
    County:
    Berkeley
    Area:
    Moncks Corner and Pinopolis
    Property Description
    This property has the potential to become a cash cow for the right investor. It's a value add property priced accordingly that has the potential to make anywhere from $30-80K+ a year through commercial, short term or multi-family renting. The home is 2,000 SF, will be 2,800 SF with the porch enclosed, and sits on a 0.3 acre lot (which means plenty of room for parking) and is zoned commercial or residential. Moncks Corner continues to grow rapidly, yet there's only one hotel and minimal offices in the town, making this property a great investment with massive potential. As seen within the plans, this building has the potential to be broken into 4 separate spaces with 3 different entrances. If interested in a commercial property, this has the capacity to offer 9 individual offices with 4 reception areas. With potential gross profit ranging from $800-$1,100 per unit per month, with even a 20% vacancy, you can make $30,720- $42,240 a year. For investors interested in short term rental or multi-family opportunities, you can add 1-2 more bathrooms to offer both 1 and 2 bedroom units. There are currently no STR restrictions in Moncks Corner and only 1 hotel, which has a nightly average rate of $110. With a vacancy rate of only 30% and a $75 nightly rate (off season price), you can bring in $76,650 a year, or up to $80K with peak season pricing with STR's. For a longer term rental, separate this home into a quadplex, making them either 1/1 or 2/1 units. The average rent for a 1/1 is $750/month and a 2/1 is $900. The GPI with a vacancy rate of 15% for 4 1/1's is around $30,600/year. It is rare to find a property with so much potential in a growing area. The options make this a good deal for any investor looking for a value-add commercial, STR or multi-family property.
    Property Features

    Property Status Existing Property Sub Type Office BuildingOther Property Type Office Sale Price Min 215000.00 Title Multifamily Sfr Or Multi Unit Commercial

    Listing courtesy of Maven Realty.
     
    The Cassina Group, LLC
    309 Coleman Boulevard
    Mount Pleasant SC, 29464