418 Elm St Lake City, SC 29560
Estimated payment $732/month
About This Home
This duplex, located at 418 Elm St in Lake City, SC, is being sold AS-IS and offers great investment potential. Currently, it generates $1,000 per month in rental income, with two 2-bedroom, 1-bathroom units. While the units do need updates, they offer significant upside and are an excellent opportunity for an investor or someone looking to add value to the property. According to research from Apartments.com, ApartmentHomeLiving.com, Zillow.com, and RentCafe.com, the average rent for a 2-bedroom, 1-bath apartment in Lake City is approximately $876.40 per month. While there was a wide range of rents across these sites, $876.40 is the average of the estimated rent from all 4 sites for a 2/1 in Lake City. With the current rent of $1,000/month, there is clear potential for strong cash flow with some updates. This duplex is a great opportunity for someone looking to invest in a growing rental market and create long-term value through updates and improvements. Contact us today for more information or to schedule a showing!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,499
Year Built
- Built in 1985
Home Design
- Duplex
Interior Spaces
- 1,750 Sq Ft Home
- 1-Story Property
Schools
- Lake City Prima Elementary School
- Ron Mcnair Middle School
- Lake City High School
Community Details
- 2 Units
- City Subdivision
Listing and Financial Details
- Assessor Parcel Number 8000305011
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $2,499 | $4,535 | $140 | $4,395 |
| 2023 | $2,193 | $3,162,559 | $140,800 | $3,021,759 |
| 2022 | $2,164 | $3,163 | $141 | $3,022 |
| 2021 | $2,025 | $4,740 | $0 | $0 |
| 2020 | $2,042 | $4,740 | $0 | $0 |
| 2019 | $2,020 | $4,740 | $0 | $0 |
| 2018 | $1,914 | $4,740 | $0 | $0 |
| 2017 | $1,881 | $4,740 | $0 | $0 |
| 2016 | $1,866 | $4,740 | $0 | $0 |
| 2015 | $1,893 | $4,740 | $0 | $0 |
| 2014 | $1,849 | $0 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/13/2025 06/13/25 | Price Changed | $95,000 | 0.0% | $54 / Sq Ft |
| 06/13/2025 06/13/25 | For Sale | $95,000 | +18.8% | $54 / Sq Ft |
| 06/07/2025 06/07/25 | Off Market | $80,000 | -- | -- |
| 06/04/2025 06/04/25 | Sold | $80,000 | -15.8% | $46 / Sq Ft |
| 04/24/2025 04/24/25 | Off Market | $95,000 | -- | -- |
| 03/25/2025 03/25/25 | For Sale | $95,000 | -- | $54 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | None Listed On Document | |
| Deed | -- | None Listed On Document | |
| Deed Of Distribution | -- | None Listed On Document | |
| Deed Of Distribution | -- | None Listed On Document | |
| Interfamily Deed Transfer | -- | -- |
Source: Pee Dee REALTOR® Association
MLS Number: 20251089
APN: 80003-05-011
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