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    978 S Live Oak Dr

    Moncks Corner, SC 29461
    • $950,000
    • STATUS: Active
    • ON SITE: 193 days
    • ID#: 30654347
    UPDATED: 90 min ago
    $950,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    County:

    School Ratings & Info

    Description

    This is a unique opportunity to own a 8 unit Multi Family property with an additional cash flowing business! This property is comprised of 2 buildings totaling 13400 SF. The main building is 11,550 SF and 8 apartments with great rental history and has an attached 4000 SF warehouse that is used as an FDA approved kitchen for food trucks that has 16 foot ceilings and two 14 foot roll up doors. The food truck business is in very high demand and the current owner is having to turn away business. The 2nd building is an 1850 SF townhouse with 2 apartments. The total gross income from the apartments is $81,720.00The rent from the FDA kitchens is $59,700.00 a year. There is additional warehouse space that could also be leased. The total income for the property is $141,420 .Expenses include .Insurance , $9,053.14Property Taxes, $10,526.90Utilities, $ 14,360.73Trash Pick up, $ 1,170.28Total Expenses $ 30,433.77Net Income $ 110,987.0This projection is based on 2021 trending income and expenses.Restaurant equipment to convey with the sale is valued at $17,025.00 Cap Rate

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    www.thecassinagroup.com/homes/110506446
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    978 S Live Oak Dr Moncks Corner, SC 29461

    • Price: $950,000
    • Status: Active
    • Updated: 90 min ago
    • ID#: 30654347
    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 is a unique opportunity to own a 8 unit Multi Family property with an additional cash flowing business! This property is comprised of 2 buildings totaling 13400 SF. The main building is 11,550 SF and 8 apartments with great rental history and has an attached 4000 SF warehouse that is used as an FDA approved kitchen for food trucks that has 16 foot ceilings and two 14 foot roll up doors. The food truck business is in very high demand and the current owner is having to turn away business. The 2nd building is an 1850 SF townhouse with 2 apartments. The total gross income from the apartments is $81,720.00The rent from the FDA kitchens is $59,700.00 a year. There is additional warehouse space that could also be leased. The total income for the property is $141,420 .Expenses include .Insurance , $9,053.14Property Taxes, $10,526.90Utilities, $ 14,360.73Trash Pick up, $ 1,170.28Total Expenses $ 30,433.77Net Income $ 110,987.0This projection is based on 2021 trending income and expenses.Restaurant equipment to convey with the sale is valued at $17,025.00 Cap Rate
    Property Features

    Property Status Existing Property Sub Type Duplex/Fourplex Property Type Multi-Family Sale Price Min 950000.00 Title 978 South Live Oak Drive Zoning Gc

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