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About This Home
This 8-bedroom, 8-bathroom residential multi family at 209 Rickenbacker Street in Lancaster, SC is listed for $985,000. Built in 1950, on a 0.88 acres lot.
Exceptional investment opportunity featuring an eight-home single-family rental portfolio in Lancaster, SC. All properties are adjacent to one another on the same street and consist of 2-bedroom, 1-bath residences, offering efficient management and maintenance advantages.
The surrounding neighborhood is experiencing continued growth, with several new construction homes nearby and increasing rental rates supporting long-term appreciation potential. The portfolio currently generates approximately $7,000 in gross monthly rental income and is 100% occupied, with several tenants having resided in the properties for 10 to 20+ years, providing stable occupancy history.
Annual expenses include approximately $2,188 in insurance premiums and $8,349 in property taxes across all properties. The offering also includes a 20' x 20' storage warehouse located behind 237 Rickenbacker Street, with most contents conveying at closing, as well as the vacant lot situated between the corner and 237 Rickenbacker Street, providing additional value and future potential.
Conveniently located within a five-minute walk of the city pool and Wylie Street Park, the properties benefit from nearby recreational amenities. Seller will be present for all showings. Please DO NOT DISTURB TENANTS. Please DO NOT COMMUNICATE WITH THE TENANTS UNDER ANY CIRCUMSTANCES. Seller is a licensed real estate agent.
Key Features
- Built in 1950
- 0.88 acre lot
Property Details
Amenities
Monthly Cost Estimate
$5,268/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
209 Rickenbacker Street
Lancaster, SC 29720
Property Details
Construction
Parking
Heating
Cooling
Questions & Answers
This 8-bedroom, 8-bathroom residential multi family at 209 Rickenbacker Street is listed at $985,000. The estimated monthly payment is $4,268 based on 20% down at 6.5% interest.
Key features include: Built in 1950, 0.88 acre lot.
This property is listed by Stacy Johnson and can be reached at 7049643695 or stacyjohnsonbelmont@gmail.com.