251 Bomba Street
Property 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.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,600,000 |
| Lot Size: | 950.00 Sq ft |
| Opportunity Zone: | No |
| Property Website | Click Here |
| Number of Bedrooms: | 2 |
| Number of Bathrooms: | 2 |
ID: 3yd-NYSMLS-11998808
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