2516 Broadway Lake Rd

Baths
10,000 Sq. Ft.
$35 / Sq. Ft.
10,000
Sq. Ft.
$35
per Sq. Ft.

Description

Great investment opportunity in Anderson county near Broadway Lake. This property is a true 14% cap rate and still has potential for more revenue with additional housing or farm use. Three plots of land that are connected to combine for 9.8 acres with 14 available rentals including houses, mobile homes, and farm land. Owner currently occupies part of property but if total property was converted to rental projected revenue would be $6657 per month. In addition, current farm land could be converted...Great investment opportunity in Anderson county near Broadway Lake. This property is a true 14% cap rate and still has potential for more revenue with additional housing or farm use. Three plots of land that are connected to combine for 9.8 acres with 14 available rentals including houses, mobile homes, and farm land. Owner currently occupies part of property but if total property was converted to rental projected revenue would be $6657 per month. In addition, current farm land could be converted to hold more housing and increase revenue. Great opportunity to live on farm and have tenants pay for your property or as a complete investment. ---------------------------------------------------------------------------------------------------- General rent roll for property: lot 102 - $200 a month rent lot only lot 104 - $600 a month lot 106 - $600 a month lot 108 - $154 a month rent lot only lot 114 - $615 a month lot 116 - $528 a month lot 200 - $575 a month Field B - $210 a month two horses and barn Field A - $300 currently not rented and used by owner but it larger and has two barns 2516 A - $475 a month 2516 B - $600 a month 2516 C- $600 currently owner occupied 2516 D- $600 currently owner occupied 2516 E - $600 currently owner occupied -------------------------------------------------------------------------------------------------- This property has zero deferred maintenance and is in pristine condition. New owner would be purchasing a turn key investment.
  1. Listed by John Pack • Brokerage DRE #17955 • Magnolia Rental Property Management
    P: (864)-384-3000 C: (864)-384-3000 MagnoliaRentalManagement@gmail.com
LISTING CLOSED: 02/16/2018 12:00 AM

Property Details for 2516 Broadway Lake Road

StatusClosed
MLS #20193008
Days on Market58
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeOther
MLS TypeResidentialIncome / Other
Year Built-
Lot Size9.80 AC / 426,888 SF
CountyAnderson County

Location

Listing Courtesy of Magnolia Rental Property Management

Sold By Magnolia Rental Property Management

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Building Information for 2516 Broadway Lake Road

Stories-Residences11Year Built-Lot Size9.80 AC / 426,888 SF

Payment Calculator

$1,754 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,754

Property Taxes

$0

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 2516 Broadway Lake Road

Summary
Location and General Information
  • Area: 105-Anderson County, SC
  • City: Anderson
  • City Name: Anderson
  • County Or Parish: Anderson
  • Directions: Merge onto I-85S/US-29 S via exit 14B towards Atlanta. Take the US-29 exit, exit 34 on the left towards Williamston/Anderson. Stay straight to go onto US 29. Turn left onto E River St, turn right onto Broadway Lake Rd.
  • Zip Code: 29621
Taxes and HOA Information
  • Parcel Number: 1781101008,40000111200002
School Information
  • Elementary school: Belton Elem
  • Middle school: Belton Middle
  • High school: Bel-Hon Pth Hig
Property
Lot Information
  • Number of Acres: 9.8
  • Property Sub Type: Other
  • Property Type: ResidentialIncome
  • Sold appr above grades sqft: 10000.0
  • Sold approximate sqft: 10000.0
  • Sq Ft Total: 10000.0
Property and Assessments
  • Add endum: Great investment opportunity in Anderson county near Broadway Lake. This property is a true 14% cap rate and still has potential for more revenue with additional housing or farm use. Three plots of land that are connected to combine for 9.8 acres with 14 available rentals including houses, mobile homes, and farm land. Owner currently occupies part of property but if total property was converted to rental projected revenue would be $6657 per month. In addition, current farm land could be converted to hold more housing and increase revenue. Great opportunity to live on farm and have tenants pay for your property or as a complete investment. ---------------------------------------------------------------------------------------------------- General rent roll for property: lot 102 - $200 a month rent lot only lot 104 - $600 a month lot 106 - $600 a month lot 108 - $154 a month rent lot only lot 114 - $615 a month lot 116 - $528 a month lot 200 - $575 a month Field B - $210 a month two horses and barn Field A - $300 currently not rented and used by owner but it larger and has two barns 2516 A - $475 a month 2516 B - $600 a month 2516 C- $600 currently owner occupied 2516 D- $600 currently owner occupied 2516 E - $600 currently owner occupied -------------------------------------------------------------------------------------------------- This property has zero deferred maintenance and is in pristine condition. New owner would be purchasing a turn key investment.
  • Age range: 31-50 Years
  • Developer 1 Stright refusal: False
  • Supplement Count: 0
Utilities
  • Electric co: Anderson
  • Water co: Anderson
Multi Family
Multi-Family Information
  • Number of units: 11

Property History for 2516 Broadway Lake Road

DateEvent & SourcePriceAppreciation
Feb 16, 2018

Closed

Greater Greenville AOR #1354555

$345,000
Feb 16, 2018

Closed

WESTERN UPSTATE MLS #20193008

$345,000
Dec 20, 2017

Under Contract-No Show

Greater Greenville AOR #1354555

DateEvent & SourcePrice
02/16/2018

Closed

Greater Greenville AOR #1354555

$345,000
02/16/2018

Closed

WESTERN UPSTATE MLS #20193008

$345,000
12/20/2017

Under Contract-No Show

Greater Greenville AOR #1354555

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 2516 Broadway Lake Road

Taxable ValueLand-Additions$270Total-
Home Facts
Total Finished SqFt648 SqFtAbove Grade Finished SqFt648 SqFtStories1StyleMobile / Manufactured HomeYear Built1986CountyANDERSONAPN400-00-33-951-002

Schools near 2516 Broadway Lake Road

This home is within Anderson 02 School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Wright Elementary School
PublicK to 5

Belton Middle School
Public6 to 8

Belton Honea Path High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Magnolia Rental Property Management

Based on information from one of the following Multiple Listing Services: Canopy MLS,High Country Association of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Canopy MLS,High Country Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.