This property has been divided into ten bedrooms with licensed contractors and building permits. Ten private bedrooms at $200 weekly is $8,666 monthly net $8,000 to pay your mortgage. The property will pay for itself in under three years. This is an amazing property. It has up to ten available bedrooms plus an extra one for an office or for your use. It usually generated $150 weekly per bedroom before the moratorium. I rent ten bedrooms and have one for an office place to take a nap while working around the property maintaining it myself. I bought it as a 1 bed 1 bath duplex and tore off the back roof and built on two additions and divided all the rooms in half with real walls and inter connected smoke detectors through out to meet code. I installed baseboard heat in the new rooms and window air conditioning in every room to make renters very comfortable and have their own habitat although small they rent easily. The smaller the room the cheaper it is so they rarely are unoccupied ever. Some larger rooms go for $250 to $300 weekly. This property is on two bus routes within 2 blocks. It is between the USC football stadium, State Fair Grounds, The Vista and The University of SC. Five points and USC are in a five minute walk as well as is down town and the main library. USC Law Center is near by as well. Greens Beverage and markets in the Vista and Rosewood all make it an ideal rental location. We rent to mainly working individuals trying to make a living and live thrifty and save money. This property is valued not on sales comparison approach but the income approach. If you look at Z's value it does not take into account ten rental rooms versus typical two bedrooms in one duplex $1200 monthly income. Also there are 1 bedrooms for $275,000 right down the road. Mine has ten that can rented $8,666 monthly and only one tax bill and one insurance bill versus 6 duplexes to equal the rent I collect on mine. Show me the comps with 10 bedrooms. If you wish to buy mine for the price of one that has 2 bedrooms no thanks. I am not desperate to sell but would like to cash out. I do not trust the government or renters and wish to drop out of this bull. YOU MUST HAVE CASH TO BUY THIS PROPERTY. IT IS NOT SET UP FOR BANK FINANCING UNLESS YOU INSTALL TWO NEW CENTRAL HEATING SYSTEMS. I AM NOT INTERESTED IN MEETING BROKERS. YOU MUST SHOW ME PROOF OF FUNDS IN YOUR NAME BEFORE I WILL WALK YOU THRU THIS PROPERTRY. I AM BUSY MAKING A LOT OF MONEY BUT WILL TAKE TIME TO SHOW IT TO THE REAL DEAL. At $280,000 I will pay no closing costs of yours and no commissions to anyone. If you help me sell it for more than $280,000 we can compensate brokers or wholesalers.
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