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69 Lexington Dr Unit #A-9, West Columbia, SC 29169

$1,425,000
: 13,000
SqFt

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List Price: $1,425,000
MLS#: 640626
Status: ACTIVE
Days on Market: 73
Type: Multifamily
Year Built: 1960
City: West Columbia
Area: Cayce/West Cola/Airport/S. Congaree
County: Lexington
Living Area: 13,000

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Property Description

This is a 21 unit property with a total of 36 bedrooms and 21 baths. 20 of the 21 units are currently leased. Gross current rents are $16,410 per month or $196,920 per year. Rents presently average only $455 per BR/month with substantial organic upside on rent rates. Many long term tenants - Those units need to be upgraded upon turnovers and projected rents should average $565 per bedroom, $20,340 per month or $244,080 per year. This listing offers substantial upside in value. As is and no owner financing of any kind. Disclaimer: CMLS has not reviewed and, therefore, does not endorse vendors who may appear in listings.

(803) 603-1671

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Additional Information

Parking Spaces: 45
Stories: 1
School District: Lexington Two
Elementary School: Springdale
Middle School: Fulmer
High School: Airport