3 Bedroom Home For Sale in Townville, SC

For Sale By Owner

436 Lakewood Drive, Townville, SC, 29689, USA, 1589 sq. ft., 3 bedrooms, 2 bathrooms . Seller's Description: (Wholesalers welcome with an earnest requirement of $1,000. Realtors do not contact me unless you intent to buy.) <br /> <br /> General Info: 1,568 sqft, 1.1 acers of land, septic tank, owner occupied, Blue Ridge Electric, Pioneer Water, central heating and air, year built 2014, 10 off street parking spaces.<br /> <br /> Asking Price: $175,000<br /> <br /> This home is located across the street from lakefront properties on a dead-end road. This area is incredibly quiet with little to no crime rate and is directly off exit 11 on the highway. 20 minutes from Clemson Boulevard in Anderson and 30 minutes from Clemson university. The land is flat and cleared out well in the backyard and front yard area. The back yard has the capability to house 2 RV campers with water, power, and septic already set up for it. This can be repurposed for a mother-in-law suit or have campers placed back on the lot as Airbnb rentals. The home is in perfect condition with everything working as it should. <br /> <br /> Improvements made: One of the rooms has a fresh paint job that was done in 2020. The house was graveled and has retaining walls to hold the gravel in which was done in 2021. The Camper power, water, and sewer lines were all installed in 2020. Major landscaping done in the front and back yard. Minor tweaks and maintenance all done throughout the home during my entire stay here. This home is move in ready to a new family. <br /> <br /> INVESTORS READ HERE:<br /> I have been renting out the rooms within the home for over a year and can provide records of how the rooms were being rented out between $150 to $175 a week on a regular basis. I am confident you can easily get $1,500 a month for renting out the entire home due to location and lack of repairs needed. That would place you at a cap rate of 10.2% a year. Even on a lower end with monthly rental amount being $1,200, your cap rate would be 8.2% a year. Again, with no repairs needed for the ability to rent asap. <br /> <br /> Now if you would like to increase that amount you can utilize the spaces we have already created for campers and can Airbnb them out for $40 a night. I can provide a 6-month track record for having consistent bookings through Airbnb with the one camper I still have on the lot. If you are interested in that camper for yourself, we can negotiate a pricing for it but my intention is to keep it and continue Airbnbing it out at the new property I will go toward. Just having one camper roughly making $700 a month would increase your cap rate to 15.1% a year at higher rent or 13% at the lower rental rate. Believe me this a great investment opportunity and can be repurposed in many ways.