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AgentOwned Realty

info@agentownedrealty.com +1(800) 919-2427

$ 1,100,000

Est. payment -/mo

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100 Springdale Drive Clinton, SC 29325

6 Beds

5 Baths

1,200 SqFt

UPDATED:

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 1,200 sqft

Price per Sqft $916

MLS Listing ID 1552483

Bedrooms 6

Full Baths 5

Construction Status 31-50

HOA Y/N no

Year Built 1982

Building Age 31-50

Annual Tax Amount $9,802

Lot Size 2.000 Acres

Property Sub-Type Apartment

Property Description

Near 100 Full Occupancies! Near 100 Full Occupancies! Little if Any Deferred Maintenance. Low Maintenance Brick and Vinyl Exteriors Check Out the Cap Rate and Cash-on-Cash! After 21+/- years of profitable ownership, this landlord has decided to retire, presenting a rare opportunity for the new, small apartment owner. These 11 units are comprised of one HUGE 3 BR, 2 bath unit, six LARGE 2 BR, 2 bath units, & four BIG 1 BR, 1 bath units. The 3 BR unit is approximately 1200 square feet! The 2 BR units are approximately 1000 square feet, & 1 BR are approximately 800 square feet. Two buildings, both single story. Low maintenance, vinyl & masonry exterior. The building was built in 1982 on a 2`+/- acre lot. Per Owner, this site has been approved for up to 16 additional units! Located one-half block S.W. of Hwy 76, @ Hwy 72/221/76 bypass. Minutes to I-385 & I-26 at exit #54. The dimensions, rental fees, and prime location of these units have resulted in consistently full occupancy. Close to Presbyterian College, Piedmont Technical, Lander University, interstate Highways, & ample employment. Laurens County TMS 901-32-01-005 Some Seller financing may be available. Call for details. The existing rents are only $650 & up giving a great opportunity to improve returns by raising the rents. Clinton is the center of an urban cluster with a total population of 7,633 and 3141 households (2020 census) and is part of the Greenville-Spartanburg-Anderson Metropolitan Statistical Area. It incorporated as a town in 1852. Clinton is also home of Presbyterian College and Thornwell School and Home for Boys and Girls. Clinton is also noted for its very small-town feel. The city is concentrated around the intersection of U.S. Route 76 and South Carolina Highway 72, south of Spartanburg and northwest of Columbia. Interstate 26 passes through the eastern portions of Clinton, and intersects Interstate 385 in the city's northern outskirts. The Clinton Commercial Historic District, Duncan's Creek Presbyterian Church, and Thornwell-Presbyterian College Historic District are listed on the National Register of Historic Places.

Location

State SC

County Laurens

Area 034

Interior

Heating Electric, Forced Air, Gas Available

Cooling Central Forced, Electric

Flooring Unit 1: Porch-Front, Oven-Convection, Carpet Floor, Vinyl Floor, Unit 2: Porch-Front, Oven-Convection, Carpet Floor, Vinyl Floor, Unit 3: Porch-Front, Oven-Convection, Carpet Floor, Vinyl Floor, Unit 4: Porch-Front, Oven-Convection, Carpet Floor, Vinyl Floor

Fireplace No

Appliance Unit 1: Oven-Convection, Unit 2: Oven-Convection, Unit 3: Oven-Convection, Unit 4: Oven-Convection, Electric Water Heater

Exterior

Parking Features Paved

Community Features None

Roof Type Architectural

Building

Story 1

Foundation Crawl Space, Crawl Space/Slab

Sewer Public Sewer

Water Public

Construction Status 31-50

Schools

Elementary Schools Clinton

Middle Schools Other

High Schools Clinton

Others

Acceptable Financing Owner May Carry, Possible Exchange

Listing Terms Owner May Carry, Possible Exchange

Listed by Clyde Realty, LLC

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AgentOwned Realty

+1(800) 919-2427