About This Home

This 2-bedroom, 2-bathroom residential multi family at 251 Bomba Street in Barnwell, SC is listed for $1,600,000 ($1,684 per sqft). the home offers 950 sqft of living space on a N/A lot.

Property Details

1 full, 1 half
Listing Description

Rare opportunity to acquire a 24-unit multifamily portfolio consisting of 12 duplexes, each situated on its own individual tax parcel, in Barnwell, South Carolina. The properties may be purchased as a full portfolio, in packages of 4-8 duplexes, or individually, providing flexibility for a variety of investment strategies.

Each unit features an identical 2-bedroom, 1.5-bath floor plan with approximately 950 square feet. Nineteen of the 24 units have been fully renovated with improvements including new paint, flooring, kitchen cabinets, appliances, showers, vanities, windows, and water heaters.

Of the remaining five units, four are approximately 75% complete and one is awaiting a full renovation, offering additional value-add potential. Current in-place rent is approximately $800 per month per unit, with seller-projected achievable rents of approximately $900 per month.

At 100% stabilization, the seller's pro forma projects $230,400 in gross scheduled annual rent and $162,293 in net operating income. With separate tax parcels, substantial renovations already completed, existing rental income, and multiple acquisition options, this offering provides flexibility for investors looking to expand their rental portfolio, acquire multiple income-producing properties at once, or purchase duplexes individually.

Monthly Cost Estimate

$8,557/mo

20% down · 6.5% · 30 years

Principal$1,157
Interest$6,933
Insurance$467

Estimates only. Actual payments may vary.

Location

251 Bomba Street

Barnwell, SC 29812

Property Details

Flooring

Vinyl

Construction

Brick

Heating

Electric (Heating)Heat Pump (Heating)

Questions & Answers

This 2-bedroom, 2-bathroom residential multi family at 251 Bomba Street is listed at $1,600,000 ($1,684/sqft). The estimated monthly payment is $8,557 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

This property is listed by Rebekah Grubbs.

RG

Rebekah Grubbs

Agent at Arete Real Estate

Listed by Arete Real Estate · Broker phone: 803-571-7338 · View on Broker Site

MLS# 11998808· Source: My State MLS· 32 days on PropertySimple

Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

251 Bomba Street, Barnwell, SC 29812

Open this listing in: