1204 Evergreen St - Apartments FOR SALE


Anderson, SC 29625- Downtown Anderson
$190,000 USD
803-205-3260
1204 Evergreen St, Anderson, SC for Sale
$190,000 USD
Apartments - FOR SALE
1/17
null | Request Cap Rate

1204 Evergreen St
Anderson, SC 29625
Downtown Anderson


HIGHLIGHTS

  • Renovated duplex with strong in-place income
  • Tenants pay all utilities, reducing owner expenses
  • Positioned on ±0.48 acres with development potential
  • Located minutes from Downtown Anderson
  • Each unit leased at $950/month with stable tenancy
  • Opportunity to expand with additional duplexes

OVERVIEW

This fully renovated duplex offers immediate income and long-term upside. The property totals 1,456 sq. ft. across two identical units (2 BR / 1 BA, 728 sq. ft. each). Both units are currently leased at $950/month, generating $22,800 annually in gross rental income. Tenants are responsible for all utilities, reducing operating expenses for the owner. Situated on ±1.4 acres across two tax parcels, the property not only delivers stable cash flow but also provides a path for future growth. With Anderson’s approval, additional duplexes could be developed on site, further enhancing returns. This offering combines updated construction, strong in-place income, and development potential; making it a rare find in the Anderson market. Property Highlights: • ±1,456 sq. ft. Duplex • Both units are 2 bed / 2 bath • ±1.4 acres Location Highlights: • ±4 minutes to Downtown Anderson • ±7 minutes to Anderson Downtown Airport • ±12 minutes to Lake Hartwell • ±25 minutes to Clemson, SC • ±35 minutes to Greenville, SC

FOR SALE DETAILS

PRICE

$190,000 USD

PRICE/SF

$130 USD /SF

# OF UNITS

2

PRICE/UNIT

$95,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1204 Evergreen Street

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,909 SF

ZONING

-

APN/PARCEL ID

123-13-16-011

ASK ABOUT THIS PROPERTY

Gabe GrammerReedy Property GroupMore Info
803-205-3260

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Gabe GrammerReedy Property GroupMore Info
803-205-3260

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.