308-311B Drake Cir - Multi-Family FOR SALE


Anderson, SC 29624- Downtown Anderson
$165,000 USD
864-224-3503
308-311B Drake Cir, Anderson, SC for Sale
$165,000 USD
Multi-Family - FOR SALE
1/11
null | Request Cap Rate

308-311B Drake Cir
Anderson, SC 29624
Downtown Anderson


HIGHLIGHTS

  • Multi-Tenant Income Stream: Three separate units providing diversified rental income
  • Value-Add Opportunity: Potential to increase rents and improve returns through strategic management
  • Separately Metered Utilities: Minimizes landlord expenses and maximizes NOI
  • Strong Rental Demand Area: Proximity to major highways and downtown Anderson supports occupancy
  • Efficient Asset Management: Multiple units consolidated on a single parcel
  • Flexible Exit Strategies: Suitable for long-term hold, repositioning, or resale

OVERVIEW

Property Description Value-add, multi-tenant investment opportunity consisting of three separate rental units on approximately ±0.50 acres within Anderson city limits. The asset includes three buildings totaling ±2,600 square feet, each equipped with separately metered power and water, allowing for efficient expense management and tenant accountability. This property is well-suited for investors seeking multiple income streams within a single, easily manageable location, with upside potential through lease optimization and operational improvements. 311B Drake Circle: ±500 SF 311A Drake Circle: ±800 SF 309 Drake Circle: ±1,300 SF Location Description ±0.20 miles to Hwy 29 South ±0.21 miles to Hwy 28 Bypass ±2.1 miles to Downtown Anderson Strategically positioned with quick access to major corridors, supporting tenant demand and long-term rental stability. Highlights Multi-Tenant Income Stream: Three separate units providing diversified rental income Value-Add Opportunity: Potential to increase rents and improve returns through strategic management Separately Metered Utilities: Minimizes landlord expenses and maximizes NOI Strong Rental Demand Area: Proximity to major highways and downtown Anderson supports occupancy Efficient Asset Management: Multiple units consolidated on a single parcel Flexible Exit Strategies: Suitable for long-term hold, repositioning, or resale.

FOR SALE DETAILS

PRICE

$165,000 USD

PRICE/SF

$63 USD /SF

# OF UNITS

3

PRICE/UNIT

$55,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

308-311B Drake Circle, Anderson, SC 29624

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1958

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

-

APN/PARCEL ID

125-20-05-003

ASK ABOUT THIS PROPERTY

Brittany CampbellMcCoy Wright, Inc.More Info
864-224-3503

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

Brittany CampbellMcCoy Wright, Inc.More Info
864-224-3503

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