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100 Springdale Drive, Clinton, SC, 29325 | $1,100,000
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.
Features
- Amenities: None
- Bedrooms: 6
- Baths: 5 full
- Units: 11
- Year Built: 1982
- Heating: Electric, Forced Air, Gas Available
- Cooling: Central Forced, Electric
- Acreage: 2
- Est. Taxes: $9,803
- Elem. School: Clinton
- Middle School: Other
- High School: Clinton
- Appliances: Unit 1: Oven-Convection, Unit 2: Oven-Convection, Unit 3: Oven-Convection, Unit 4: Oven-Convection, Electric Water Heater
- MLS#: 1552483
- Days on Market: 40 days
- Website: https://www.raveis.com
/prop/1552483/100springdaledrive_clinton_sc?source=qrflyer
Listing courtesy of Clyde Realty, LLC Phone: 864-979-8852
William Raveis Family of Services
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888.699.8876
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Paul BerriosRegional SVP, Insurance Sales Producer, William Raveis Insurance
978-337-3053
Paul.Berrios@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
100 Springdale Drive, Clinton, SC, 29325
$1,100,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $880,000 | $880,000 | $880,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.625% | 6.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.811% | 6.727% | 6.560% |
| Monthly Tax Payment | $817 | $817 | $817 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,276 | $5,635 | $7,605 |
| Total Monthly Payment | $6,218 | $6,577 | $8,547 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484