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$575,000
Multi Family 6 Bedrooms 3 Full Bathrooms 3 Half Bathrooms 3 Units Interior: 2,550 sqft Lot: 0.26 acre(s) Year Built: 1977 MLS #: 2212996
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6207 Tindal St
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Presented by Pam Davis Guthrie |
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DescriptionTwo units occupied and one is under repair.
Gross rents: $37,200 Approximate expenses: $6000. Unit A: $1000 Unit B: Under Repair but previously received $1050 in rent. Unit C: $1000. Lease started in July 2022. Owner self manages Units A and C, and has allowed a rental property company to lease unit B and their commission is at 7%. Owner pays for Water, Sewer, Trash, landscaping, city business license, taxes, general maintenance, liability insurance. Tenants pay for Cable/Wifi/Electric. Tenants furnish their own apartments and their own washer/dryer which will all not convey with the sale of the triplex. 2022 Property Taxes: $2674.98 and personal property taxes: $33.83 FUTURE owner can really do soooo much more with this property. Also, plenty of "greenspace" in the back. I do not have records from the owner showing itemized deductions for expenses. Owner (in his 80's) has owned this property for approx 16 years and does not know the age of the roof, the hot water heaters, nor the HVAC systems at this time. *Disclosure: Listing Agent: Pam Guthrie is related to the owner. *Previously under contract and buyer could not qualify so BACK ON THE MARKET.
Work that has been recently completed: All the bedroom windows have been replaced. All sliding glass exterior doors have been replaced. Living room windows for Apts A and C need replacing but have not yet been ordered. Living room windows in Apt B have been replaced. Bad wood around the back sheds to be replaced. The shed door on Apt C has been replaced. Apt B has new cabinets and countertops. The unit needs repainting.
TRIPLEX: Apt A: New Tenant as of September 2022.
Apt B Tenant had occupied for more than 13 years but now the under is undergoing repairs. Previous rent was $1050.
Apt C New tenant. Rented in July 2022.
*The MLS will not let us list any income/expense numbers in the public remarks section of our listings. Please call me for more details, or ask your agent to read my “agent to agent remarks” within our MLS LISTING.
BEAUTIFUL established tree lined Tindal St in Myrtle Beach located just off 62nd Ave. N. Approximately 8 blocks to the beach, and so very close to numerous restaurants, grocery stores, shopping centers, hospital, Doctor's offices, gas stations, etc.
There is so much MORE POTENTIAL with this property. Lot measurements 80x140. HUGE BACKYARD. Each apartment has a little patio out back along with a utility room which houses their washer/dryers and/or storage. Owner does not provide nor service washers and dryers.
The expenses paid by the owner are landscaping, water, sewer, and trash, property taxes, city business license, liability insurance, one unit property mgt commission.
The owner rents out two of the units, and one of the units is managed by a local property mgt. company.
Tenants pay electric, wifi/cable.
PLEASE PRESENT A VALID OFFER TO PURCHASE or an "LOI": Letter of Intent to purchase with a due diligence timeframe of being allowed in prior to making arrangements to view the inside of the apartments so that the tenants are not disturbed.
I do not have records from the owner showing itemized deductions for expenses.
Owner has owned this property for 16 years and does not know the age of the roof, the hot water heaters, nor the HVAC systems at this time. I do have photos of all the HVAC and Hot Water Heaters.
OWNER FINANCING may be an option, but buyer must have 50% down payment.
*Disclosure: Listing Agent is related to the owner.
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