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Contact Information
Wes Murphree
Investment Realty
402 South B St.
Easley, SC, 29640
Office: 864.313.9780
Cell: 864.313.9780
Fax: 864.752.0850
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Main > Investment Properties > 11% Cap rate, turn key operation
  • 2060 W. Croft Circle
    2060 W. Croft Circle
  • Kitchen
    Kitchen
  • Bedrooms
    Bedrooms
  • Bedroom 2
    Bedroom 2


 
Type: Investment Properties
Agent: Wes Murphree
Company: Avenue Realtors
2060 W. Croft Circle
Spartanburg, SC, 29302
Price: USD $ 149,900
Featured: No

Property description

Turn key operation, management in place, 11% cap rate, just been remodeled.  The building has been updated and features fresh paint inside and out, new vinyl windows, new carpet, new ceiling fans, refinished kitchen cabinets, new countertops, new deck, new central HVAC air handlers, and many other updates.  Totally take maintenance out of the equation with a seller paid American Home Shield Warranty with a full price offer.

Investment Summary

One Year Projections

 Income  
 Rent $25,200
 
 
 Expenses  
 Vacancy (5%)
$1,260
 Management (10%)
$1,764
 Repairs/Misc. $500
 Landscaping
$500
 Insurance $700
 Taxes $2,500
 Water $1,200
 Total Expenses
 $8,424

 
 Net Income
 $16,776
 Price  $149,900
 Cap Rate
 11%

 



 

 


Property features
Bedrooms: 2
Bathrooms: 1
House style: Other
Home features
  • Balcony
Community features

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