209 Rickenbacker Street
Lancaster, SC 29720
Est. $5,662/mo — See my rate
$147/Sq Ft
8 bd · 8 ba · 6,720 sqft · $147/sqft
About This Home
Exceptional investment opportunity featuring an eight-home single-family rental portfolio in Lancaster, SC. All properties are adjacent to one another on the same street and consist of 2-bedroom, 1-bath residences, offering efficient management and maintenance advantages.
The surrounding neighborhood is experiencing continued growth, with several new construction homes nearby and increasing rental rates supporting long-term appreciation potential. The portfolio currently generates approximately $7,000 in gross monthly rental income and is 100% occupied, with several tenants having resided in the properties for 10 to 20+ years, providing stable occupancy history.
Annual expenses include approximately $2,188 in insurance premiums and $8,349 in property taxes across all properties.
The offering also includes a 20' x 20' storage warehouse located behind 237 Rickenbacker Street, with most contents conveying at closing, as well as the vacant lot situated between the corner and 237 Rickenbacker Street, providing additional value and future potential.
Conveniently located within a five-minute walk of the city pool and Wylie Street Park, the properties benefit from nearby recreational amenities.
Seller will be present for all showings. Please DO NOT DISTURB TENANTS. Please DO NOT COMMUNICATE WITH THE TENANTS UNDER ANY CIRCUMSTANCES. Seller is a licensed real estate agent.
Property Details
Interior Details
- Heating
- Baseboard
- Roomother
- Primary Bedroom
- Bathroom(s)
- Kitchen
- Living Room
- Exclusions
- Ovens are provided by the tenant
- Half Bathrooms
- 0
- Laundry Features
- Electric Dryer Hookup
- Washer Hookup
- Mainlevelgarageyn
- 0
Square Footage And Levels
- Above Grade Finished Area
- 6720
- Below Grade Finished Area
- 0
Parking And Garage
- Carport Spaces
- 0
- Parking Features
- Driveway
- On Street
Exterior Features
- Construction Materials
- Block
Lot And Land
- Lot Size Acres
- 0.88
- Lot Size Units
- Acres
- Lot Size Dimensions
- See attachments
Basement And Foundation
- Foundation Details
- Crawl Space
Utilities
- Sewer
- Public Sewer
- Water Source
- City
Financial Information
- Citytaxespaidto
- Lancaster
Zoning And Restrictions
- Zoningspecification
- R-6
Multi Unit Details
- Total Number Of Units
- 8
Listed by Stacy Johnson (704-964-3695) · Premier South (704-829-3518)
Location
- Address
- 209 Rickenbacker Street
- City
- Lancaster, SC 29720
Schools
- Elementary
- Brooklyn Springs
- Middle
- A.R. Rucker
- High
- Lancaster
School assignments may change. Contact the school district to confirm.
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