Off market multi family in Rock Hill. Can be purchased individually or as a bundle. Have additional units not posted on this page as well as a handful of condos near by run the same way. email
[email protected] for details, additional properties and numbers. No need to reply to this. Email for questions. Please do not disturb property management or tenants.
- Diplomat Studios located on Riverview Road in Rock Hill, SC
- 1 Building totaling 16 studio apartments
- $945,000 ($59,000/unit)
- 9.5% cap at $725/mo rents
- Market rent is $775-800/mo with tenants paying own utilities. Formerly rented as all-inclusive MTM at $900/mo ($30/day).
- Conveniently located on Riverview Road in Rock Hill, SC just off I-77 and the Celanese and Cherry Rd main retail corridors. High demand rental market with increasing rents and 3% total market vacancy.
| Monthly Potential | $11,600 |
| Annual GPR | $139,200 |
| Vacancy (1 unit) | $8,700 |
| Rental Income | $130,500 |
| |
| Management (8%) | $10,440 |
| Taxes | $12,800 |
| Insurance | $2,400 |
| Grounds | $2,400 |
| Repairs/ Supplies | $9,600 |
| Admin/ Misc | $3,000 |
| Total Expenses | $40,640 |
| |
| NOI | $89,860 |
| 9.5% Cap | $945,000 |
Riverview
- Riverview Studios located on Riverview Road in Rock Hill, SC
- 3 Quads totaling 12 large studio apartments
- $750,000 ($250,000/quad, $62,500/unit)
- 9.5% cap at $800/mo rents
- Market rent is $850-900/mo with tenants paying own utilities. Formerly rented as all-inclusive MTM at $900/mo ($30/day).
- Contiguous to The Diplomat studios (16 units also available).
- Conveniently located on Riverview Road in Rock Hill, SC just off I-77 and the Celanese and Cherry Rd main retail corridors.
- High demand rental market (45% of population are renters) with increasing market rents and limited supply (3% total market vacancy).
| Monthly Potential | $9,600 |
| Annual GPR | $115,200 |
| Vacancy (1 unit) | $9,600 |
| Rental Income | $105,600 |
| |
| Management | $8,448 |
| Taxes | $11,127 |
| Insurance | $2,400 |
| Grounds | $2,400 |
| Repairs/ Supplies | $7,800 |
| Admin/ Misc | $2,100 |
| Total Expenses | $34,275 |
| |
| NOI | $71,325 |
| 9.5% Cap | $750,000 |
