2989 Old Camp Long Road

Description

These three mobile homes on approximately 1.1 acres close to Interstate 20, making it convenient to Aiken, Augusta, and Columbia. Two of the homes are three bedroom, two bathroom, and one home is two bedroom, two bathroom. The homes are served by a Well; the Landlord pays for the electricity for the well pump; approximately $36 per month. Each home has its own septic tank. The three bedroom homes were renovated approximately two years ago, and the two bedroom home was renovated approximately one year ago. The three bedroom homes rent for $900 per month, and the two bedroom home rents for $1,100 per month. Gross income is $2,900 per month, or $38,400 per year. Property Taxes are approximately $800 per year for the land, and all three homes. Insurance on the property and homes is approximately $1,920 per year. Based upon the current rents, and expenses, this property provides approximately 13.2% Net Operating Income. Given today's rental market in Aike County, there is room for the rents to be increased, and the Net Operating Income to be increased as well. Seller will consider Owner Financing with reasonable down payment.