Updated over 7 years ago on . Most recent reply
South Carolina REO Portfolio For Sale
This portfolio is comprised of six (6) single family homes and three (3) development lots in Columbia and York County SC. Please note that this is an REO portfolio and most of the properties will be conveyed to the new owner via quitclaim deed. Some properties have completed quiet title proceedings, others are still in the process and the new owner will be subbed in as the plaintiff. Also, please note that the sale is AS IS WHERE IS and there will be no adjustments for taxes, utilities, etc.
Three of the homes are fully rehabbed and rented out and three need various levels of rehab. Two of the single family home lots are located in newly built residential subdivisions situated on nice golf courses, the third lot is a bit more rural, but is sizable and has potential to be subdivided.
Three of the homes are fully rehabbed and rented out and three need various levels of rehab. Two of the single family home lots are located in newly built residential subdivisions situated on nice golf courses, the third lot is a bit more rural, but is sizable and has potential to be subdivided.
Overall, with conservative sale assumptions, I am projecting required repairs of $100k and a portfolio wide ARV of approximately $600k (assuming that you do not develop or subdivide the vacant lots, which will offer additional upside).
This opportunity provides an investor with optionality. The properties can be sold off individually, packaged, or the properties could be rehabbed, rented and refinanced to recoup all equity and retain a nice cash flowing rental portfolio.
Please PM me for additional details.
Thanks!
Tags: South Carolina, SC, Columbia, Cayce, Blythewood, Hopkins, Spartanburg, Rock Hill, York, REO, Flip, Portfolio
Offering