NOT LISTED FOR SALE

2405 S Fraser St Unit Oak Tree Apts., reta Georgetown, SC 29440

-- Bed
-- Bath
14,806 Sq Ft
1982 Built

Last Sold February 27, 2015

Last sale price $160,000 $11 Per Sq Ft

363 Days on Market

About This Home

As of February 2015

Apartment complex and retail store less than 3 miles south of Georgetown, SC. Demand for housing in this area is strong. Add this property to your investment or retirement portfolio before someone else does. This property consists of three wood-frame buildings. The buildings are identified by their addresses which are 2405, 2411 and 2413. Building 2405 is two bedroom, one bathroom detached single-family home. It is a one story wood framed structure believed to be built in 1950 on a crawlspace foundation and encompasses 896 ft.² building 2411 is a mixed use building that includes two, 2-bedroom apartments on the second floor and a retail unit on the ground floor. It is a 2 story wood frame structure on a slab foundation with a GBA of 3,636 ft.² including 2,844 ft.² in the retail unit and 396 ft.² in each of the two apartment units. Building 2413 is at 22 unit apartment building with (9) 2 bedroom units, (4) 1 bedroom units, and (9) studio units. It is a two-story wood framed structure on a slab foundation with a GBA of 10,274 ft.². Buildings 2411 and 2413 are believed to have been built in 1982. All measurements, values, and ages are approximate and should be verified by buyers and lenders. Each apartment unit has an individual HVAC system and hot water tank there is an exterior common area hallway and stairwell that provides access to the second-floor units. Site improvements include approximately 20,000 ft.² of gravel drives and parking area. Seller acquired the property through foreclosure and will not provide any property disclosures. Seller may agree to participate in a 1031 exchange. A DHEC "no further action" letter from 2004 with regard to the Underground Storage Tank (UST) Program is available. The last known use of the retail space was a retail convenience store and restaurant catering to the local community.

Last Listed By

Robert Slick

Beach and River Homes License #61115 Listed on: 01/30/2014

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1982

Lot Details

  • Rectangular Lot

Home Design

  • Wood Frame Construction
  • Siding

Community Details

  • 26 Units
  • Oak Tree Apartments Condos

Property Details

Home Type

Apartment

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Lot Description: Rectangular
  • Estimated Year Built: 1982
  • Class: Multi-Family
  • Estimated Under Roof Sq Ft: 14806
  • Legal Description: 1 Burgess and 22 Oakley
  • Sold Total Heated Sq Ft: 14806
  • Sold Total Sq Ft: 14806
  • One Bedroom Rent Range: 550
  • Two Bedroom Rent Range: 625-650
  • Complex Name: Oak Tree Apartments
  • Estimated Heated Building Sq Ft: 14806
  • Misc Structural: Individual Water Heater, Indiv. Heat & Air
  • Number1 Br Units: 4
  • Number2 Br Units: 11
  • Numberefficiency: 9
  • Special Features: 20
  • Property Sub Type: MultiFamily
  • Year Built: 1982

Exterior Features

  • Exterior Finish: Wood Frame, Siding

Garage/Parking

  • Type: Apartments

Schools

  • Elementary School: Maryville Elementary School
  • Middle School: Georgetown Middle School
  • High School: Georgetown High School

Lot Info

  • Lot Location: Inside City Limits
  • Zoning: Verify

Multi Family

  • Number Of Units: 26
  • Efficiency Rent Range: 500

Range of Values:

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Average Value
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List Price
Sold Price
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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
02/27/2015 02/27/15 Sold $160,000 -57.3% $11 / Sq Ft
01/28/2015 01/28/15 Pending -- -- --
01/30/2014 01/30/14 For Sale $375,000 -- $25 / Sq Ft
Source: Coastal Carolinas Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Coastal Carolinas Association of REALTORS®

MLS Number: 1401884

Coastal Carolinas Association of REALTORS®