913 Prestwood Dr, Hartsville, SC 29550
913 Prestwood Dr, Hartsville, SC 29550
913 Prestwood Dr, Hartsville, SC 29550
913 Prestwood Dr, Hartsville, SC 29550
913 Prestwood Dr, Hartsville, SC 29550
913 Prestwood Dr, Hartsville, SC 29550
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Brooke Laughridge

Brooke Laughridge

+1(843) 230-5441
$ 849,000
Est. payment | /mo

4,800 SqFt

Save
$ 849,000
Est. payment | /mo
Save

4,800 SqFt

Key Details

Property Type Single Family Home

Sub Type Apartment Complex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 20473.2

Square Footage 4,800 sqft

Price per Sqft $176

Subdivision City

MLS Listing ID 20254705

Year Built 1936

Lot Size 0.470 Acres

Property Sub-Type Apartment Complex

Property Description

NOI just increased another $6000 with rent increases, now offered at over a 10% Cap Rate. Lakeshore Arms Apartments is a well-maintained, income-producing multifamily property consisting of one building with 8 fully furnished and equipped 1-bedroom/1-bath units. The sale includes all FF&E and personal property necessary for a true turnkey short-term or flexible-term rental operation, including appliances, beds, flat-screen TVs, furnishings, linens, décor, kitchenware, and smallwares. This proven revenue producer generates over $134,000 in gross annual income. Additional financial and operational details available upon request. The property offers room to increase rents by an estimated 20-30%. This investment is ideal for both new and seasoned investors and a great way to get into the lucrative short-term rental investment business. Owner is a licensed real estate agent. The property has historically attracted a strong, diverse, and repeat tenant base. Lakeshore Arms is located in a quiet, highly coveted Prestwood neighborhood, directly across from Prestwood Lake, adjacent to a well-recognized Montessori school, and just 2 minutes drive from Hartsville's thriving downtown with restaurants and shopping. With very limited short-term rental inventory in Hartsville where most rentals are unfurnished and leased on one-year terms, this furnished, flexible-term property is uniquely positioned to capture unmet demand and deliver strong, reliable income. ****UPDATE****: New rents are at $1550 and $1700. Plug $1650 into your Proformas.

Location

State SC

County Darlington

Community Cable T.V.

Area Hartsville

Interior

Heating Central

Cooling Central Air

Flooring Vinyl, Parquet, Tile

Fireplace No

Exterior

Parking Features Off Street

Community Features Cable T.V.

Roof Type Composite Shingle

Garage No

Building

Story 2

Sewer Public Sewer

Water Public

Schools

Elementary Schools Carolina

Middle Schools Hartsville

High Schools Hartsville

School District Hartsville

Listed by: Choice Realty, Inc. • Jonathan C Lee

Schools and Properties Nearby

Brooke Laughridge

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(843) 230-5441

brookelaughridge.realtor@gmail.com

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913 Prestwood Dr