222 E Brooks St, Kingstree, SC 29556

A great rare opportunity to purchase a fully occupied duplex - 220 and 222 E. Brooks Street in Kingstree, SC. This brick duplex is located in a stable and strong demand rental market. Constructed in 1945, the property consists of two units with 1,252 sq. ft. The duplex total square footage is 2,504. Each floor plan includes covered porches, two bedrooms, one bath, living room, dining room, and laundry room. The tenants are on a month-to-month lease. 220 E Brooks St. is rented for $625.00 per month. 222 E Brooks St. is rented for $550.00 per month. The units gross rental income is $14,100.00. The duplex is self-managed by the Owner. 220 E Brooks St. was recently updated and freshly painted. New laminate floors and ceiling fans are included throughout. The bathroom features a new toilet, vanity, tub, and shower. The kitchen has new countertops, backsplash, and stainless steel appliances. The kitchen is equipped with a range and refrigerator. The roof was installed 10-12 years ago. The property consists of two new 2021 HVAC units. The rents are below the current market rent of $700.00. Increasing the rents will expand positive cash flow and the market value in an insatiable rental area. The tenants have separate meters and pay for all utilities - water and power. An updated offering memorandum and rent roll is available upon request.