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Note
Property Overview
Price/Rent PSF $ 1,200,000.00
Asset Type Multifamily
Trade Type Sale
SQ. FT. Available 30,000
Date Available 11/27/2018
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Description

Location
Residential area close to retail and office in Orangeburg, SC. Centrally located and all in same general area. Many of units are in the Edisto School District which is highly sought after.

Sale
Package consists of 36 units. 2 units are vacant lots and 1 vacant home. 33 are occupied. 10 units are nice rental units. 9 units are rent to own. Most lots are 1/2 acre or larger. 2 are stick built homes that are RTO. 7 are space rent only and 5 are space only rent to owns. Most RTO units have a large amount of term on the note left. RTO units pay a reimbursement for taxes and insurance. Each lot is fee simple and has its own parcel number and can be sold separately if desired. Most units have been renovated. There is a first mortgage for around 200k that can be assumed and is a private non-recourse note. Landlord pays no utilities.

Location

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