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Property description
401 N Fant St. is a well-positioned 4-plex investment property located in the booming downtown of Anderson, SC. Recent upgrades/improvements and quality tenants. Three of the four units are on long term leases and average $1, 200/month/unit. The other unit is currently being operated as an AirBNB grossing approx. $2, 000/month. -NOI = $50, 550 based on an assumption of $5, 100/month in gross rental income (discounting AirBNB income to $1, 500/month) -Asking Price = $575, 000 = 8.8% cap rate -Yearly Expenses = $10, 650 ($7, 350 for property taxes, $2, 400 for insurance, $900 for landscaping) Call with questions or to schedule a showing. Property is tenant occupied so notify listing agent before showing.For more details:
Listed by: Max Kinser