Contacts
Kingship Collective
Property Details
- Property Type Multi-Family
- Units 0
- Lot Size 9.65 Acre
- Additional Rent Contact for pricing
- Parking Spaces Avail. 72
- Property Tenancy Multi-Tenant
- Date Updated Dec 23, 2024
Gross Receipts $35,000+, $23,776.00 NOI for July/August 2024. Estimated $285,312 NOI, equating to $23,776+ per month after a rent push. 7.00% Cap Rate. NOI has been as high as $32,000 per month, but taking into consideration some Capex, we estimate it to be low. Rent Comps in the area will allow going much higher = $1,049 rent. Any figures can fluctuate over time. **NEWLY INSTITUTED LEASES AT $1,000 NOW THUS VALUE ADD REACHING THAT** Columbia, SC MSA / Lexington County / 38 Mobile Home Units In a Two-Park Adjacent Portfolio. Within a two-mile radius of a Walmart Super Center and Lowe's Home Improvement Center. Walgreens, Dollar General, Starbucks, Publix, Food Lion, High School, and Middle School are also within several miles. Lexington is a rapid expansion zone for the Columbia MSA for rooftops, commercial, and industry. Correspondingly, this combination of assets will maintain occupancy and vibrancy in the long term based on the pattern analysis of past performance and future projections. Video Tour https://drive.google.com/drive/u/4/folders/158Tjux5g5s6sIrzzl3-UIf4W2wYJ6x_W ALL ASPECTS OF PROPERTY AND SALE ARE SOLELY BUYER DUE DILIGENCE AND BROKER DOES NOT GUARANTEE ASPECTS THUS SOLELY BUYER DUE DILIGENCE.
***Owner may consider owner financing w/ at least $2M down & Highest and Best Terms 1) with proof of funds to do the complete deal 2) Half-Down and Personal Guarantee on the balance 3) Acceleration if default no foreclosure 4) 20-year amortization with a three-year balloon at a to-be-determined interest rate 5) Owner is in his upper 70’s and wants to 1031 out sooner rather than later.
Reach out to the broker for more info on lease terms and amenities
Attachments
Getting around
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13/100
Walk Score ®
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33/100
Bike Score ®
Location
- City Lexington, SC
- Zip Code 29073
- Market Columbia
Points of Interest
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Shell
1.16 miles
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Exxon
1.18 miles
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Murphy Express
1.30 miles
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ExxonS
1.90 miles
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Quick Service
2.84 miles
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Walmart
3.09 miles
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Shealy's PDQ
3.28 miles
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Lexington SC Supercharger
3.34 miles
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Lexington High School Faculty Parking
7.67 miles
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Lexington High School Visitor Parking
7.71 miles
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Dreher Shoals Dam Parking Lot
8.93 miles
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Days Inn
3.55 miles
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Holiday Inn Express
5.60 miles
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Quality Inn & Suites
5.68 miles
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Best Western Plus
5.81 miles
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Country Inn & Suites
6.84 miles
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Sleep Inn
6.85 miles
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Carolina Lodge
6.92 miles
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Travelers Inn
6.96 miles
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Knights Inn Columbia Airport/Cayce
7.13 miles
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Econo Lodge
7.20 miles
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Publix
1.05 miles
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Food Lion
1.28 miles
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ALDI
1.37 miles
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pOpshelf
1.48 miles
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Walmart Supercenter
1.54 miles
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Walmart Neighborhood Market
3.01 miles
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KJ's Market IGA - Barnyard
5.26 miles
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Village Shopping Center
5.83 miles
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Big Lots
5.86 miles
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Ross
6.26 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
Kingship Collective