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SHERMAN & HEMSTREET REAL ESTATE COMPANY3523 Walton Way Ext., Augusta, GA 30909shermanandhemstreet.com706.722.8334
JOE EDGE, SIOR, [email protected]
OFFERING SUMMARY
Sale Price: $265,000
Number Of Units: 5
Cap Rate: 8.86%
NOI: $23,471
Lot Size: 0.0 Acres
Building Size: 6,000
Zoning: Residential
Price / SF: $44.17
5 Rental houses for sale. owner purchased a large package of properties and these 5 are outliers and they wish to disposeof them. Seller has explored selling the homes as empty single family units but feels like the value is better as an incomeproperty. BPO's on each unit are available. Motivated seller so bring all offers.
PROPERTY OVERVIEW
Residential area close to retail and office in Orangeburg, SC. Centrally located and all in same general area.
LOCATION OVERVIEW
PROPERTY HIGHLIGHTS
• Centrally Located
• Close to schools, retail and jobs
• Great rental history
• Fee simple units
• Bring all offers MOTIVATED SELLER
1065 Freeland Street, Orangeburg, SC 29115Orangeburg Rental Home PorftolioEXECUTIVE SUMMARY
SHERMAN & HEMSTREET REAL ESTATE COMPANY3523 Walton Way Ext., Augusta, GA 30909shermanandhemstreet.com706.722.8334
JOE EDGE, SIOR, [email protected]
1065 Freeland Street, Orangeburg, SC 29115Orangeburg Rental Home PorftolioADDITIONAL PHOTOS
SHERMAN & HEMSTREET REAL ESTATE COMPANY3523 Walton Way Ext., Augusta, GA 30909shermanandhemstreet.com706.722.8334
JOE EDGE, SIOR, [email protected]
1065 Freeland Street, Orangeburg, SC 29115Orangeburg Rental Home PorftolioLOCATION MAPS
SHERMAN & HEMSTREET REAL ESTATE COMPANY3523 Walton Way Ext., Augusta, GA 30909shermanandhemstreet.com706.722.8334
JOE EDGE, SIOR, [email protected]
INCOME SUMMARY PER SF
Gross Potential Income $39,276 $6.55Vacancy/Collection Loss (5%) -$1,935 -$0.32Late Fees $1,200 $0.20
Gross Income $38,541 $6.42
EXPENSE SUMMARY PER SF
Property Taxes $7,073 $1.18Insurance $1,935 $0.32Management Fee (6%) $2,312 $0.39Repairs & Maintenance $3,750 $0.63
Gross Expenses $15,070 $2.51
Net Operating Income $23,471 $3.91
1065 Freeland Street, Orangeburg, SC 29115Orangeburg Rental Home PorftolioINCOME & EXPENSES
SHERMAN & HEMSTREET REAL ESTATE COMPANY3523 Walton Way Ext., Augusta, GA 30909shermanandhemstreet.com706.722.8334
JOE EDGE, SIOR, [email protected]
UNITNUMBER USE
UNITBED
UNITBATH
UNITSIZE (SF)
CURRENTRENT
CURRENTRENT (PER SF)
MARKETRENT
MARKETRENT/SF
1065 Freeland 3 1 1,104 $550 $0.50 $600 $0.54
580 McKewn 3 1.5 1,559 $750 $0.48 $775 $0.50
1167 Chestnut 3 2 1,420 $700 $0.49 $725 $0.51
820 George 3 1.5 1,254 $648 $0.52 $700 $0.56
1341 Schley 3 1 1,165 $625 $0.54 $650 $0.56
Totals/Averages 6,502 $3,273 $0.50 $3,450 $0.53
1065 Freeland Street, Orangeburg, SC 29115Orangeburg Rental Home PorftolioRENT ROLL
SHERMAN & HEMSTREET REAL ESTATE COMPANY3523 Walton Way Ext., Augusta, GA 30909shermanandhemstreet.com706.722.8334
JOE EDGE, SIOR, [email protected]
POPULATION 1 MILE 3 MILES 5 MILES
Total population 5,847 20,985 31,883
Median age 28.6 32.2 32.9
Median age (male) 27.3 30.5 31.1
Median age (Female) 29.4 33.8 35.2
HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES
Total households 1,718 7,685 11,875
# of persons per HH 3.4 2.7 2.7
Average HH income $37,118 $39,731 $42,876
Average house value $132,626 $139,073 $137,695
* Demographic data derived from 2010 US Census
1065 Freeland Street, Orangeburg, SC 29115Orangeburg Rental Home PorftolioDEMOGRAPHICS MAP
SHERMAN & HEMSTREET REAL ESTATE COMPANY3523 Walton Way Ext., Augusta, GA 30909shermanandhemstreet.com706.722.8334
JOE EDGE, SIOR, [email protected]
3523 Walton Way Ext.Augusta, GA 30909T 706.288.1077C [email protected]
PROFESSIONAL BACKGROUND
Joe is a native of Augusta, GA, and currently lives in Columbia County with his wife and five children. He began his career inreal estate in 2005 after serving four years in the United States Marine Corps. In 2006 Edge started his own commercial realestate firm and later that year bought out the 90-year-old firm, Sherman & Hemstreet.
Currently Sherman & Hemstreet now has more commercial real estate listings and brokers than any other firm in the CSRA.In addition to sales and leasing S&H has grown into one of the largest property management firms in the southeastmanaging over 4,000 units and over 10,000,000 square feet of space. More recently Sherman & Hemstreet completed theacquisition of McBride Realty and Turner Realty, both local firms.
Currently Joe holds the CCIM and SIOR designations. To learn more about these designations go to www.ccim.com orwww.sior.com.
MEMBERSHIPS & AFFILIATIONS
Certified Commercial Investment Member (CCIM)Society of Industrial and Office Realtors (SIOR)
JOE EDGE, SIOR, CCIMPresident & Broker
1065 Freeland Street, Orangeburg, SC 29115Orangeburg Rental Home PorftolioADVISOR BIO & CONTACT 1
