NOT LISTED FOR SALE

110 Raley St Cheraw, SC 29520

-- Bed
-- Bath
24,000 Sq Ft
2.61 Acres

Last Sold September 27, 2023

Last sale price $975,500 $41 Per Sq Ft

22 Days on Market

Highlights

  • 2.61 Acre Lot
  • Baseboard Heating
  • 1-Story Property

About This Home

As of September 2023

Greystone Apartments offers 30-units available within 15 duplexes, all located on a 2.6-acre parcel on Agerton Street and Raley Street, conveyed in as-is/where is condition, located in Cheraw, SC. Several of the brick or stucco duplex buildings have updated roofs and updated kitchens with newer cabinetry, appliances and flooring. All units come with washer/dryer hookups, range, refrigerator, and baseboard heat. Tenants bring window air if desired. Each duplex has approximately 1600 sq ft with 800-sq ft per unit. The bedroom/bath mix is two (2) 1-bedroom/1bath units; Four (4) 3-bedroom/1-bath units; and the remaining 24 units are 2-bedroom/1-bath.The rents for each of these properties have not been increased for some time. Therefore, there is significant upside here......(room to likely increase rents 40% or more). Cheraw is nicknamed "The Prettiest Town in Dixie," and for good reason, this town is steeped in history and continues to prosper with major industry, an expanding technical college and strong healthcare services.

Feel free to drive by each property, but do not roam around on the properties or talk to tenant residents. Buyers shall be shown all units upon receipt of acceptable contract with proof of funds during due diligence period. Sellers require scheduled showings with at least 72-hour Notice, preferably a week's Notice with signed Confidentiality Agreement and proof of funds. Investment Package available (+ any other additional info requests) requires signed Confidentiality Agreement. This is an As Is sale.

Last Agent to Sell the Property

Jonathan Lee

Choice Realty, Inc. License #46007 Listed on: 07/17/2023

Last Buyer's Agent

Jonathan Lee

Choice Realty, Inc. License #46007 Listed on: 07/17/2023

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1989

Lot Details

  • 2.61 Acre Lot

Parking

  • Open Parking

Home Design

  • Duplex
  • Brick Exterior Construction
  • Slab Foundation
  • Architectural Shingle Roof
  • Asphalt Roof
  • Metal Roof
  • Stucco

Interior Spaces

  • 24,000 Sq Ft Home
  • 1-Story Property

Utilities

  • No Cooling
  • Baseboard Heating

Community Details

  • 30 Units
  • Gross Income $132,840

Listing and Financial Details

  • Tenant pays for all utilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1989

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1989
  • Lot Size Acres: 2.61
  • Subdivision Name: None
  • Directions: From Florence, Sc, Take Hwy 52n And Hwy 1n To Cheraw, Right Onto Huger St, Right Onto Agerton St. Located Between Agerton And Raley.
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Duplex
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Appliances: Refrigerator
  • Entry Location: Ground Level

Exterior Features

  • Roof: Architectural, Asphalt, Metal
  • Construction Type: Brick Veneer, Stucco
  • Foundation Details: Slab
  • Other Structures: None
  • Property Condition: Pre-Owned

Garage/Parking

  • Open Parking: Yes

Utilities

  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Schools

  • Elementary School: Out of Area
  • High School: Out of Area
  • Middle Or Junior School: Out of Area

Lot Info

  • Lot Size Sq Ft: 113691.599999
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: All Utilities

Tax Info

  • Tax Map Number: 272005007006

Multi Family

  • Number Of Units Total: 30
  • Annual Gross Income: 132840

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/27/2023 09/27/23 Sold $975,500 +1.6% $41 / Sq Ft
07/17/2023 07/17/23 For Sale $960,000 -- $40 / Sq Ft
Source: CHS Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: CHS Regional MLS

MLS Number: 23016166

CHS Regional MLS