Turnkey Rental w/ 9.7% Cap Rate & Weekly-Paying Tenant
Investor Alert: Turnkey Rental with 9.7% Cap Rate and Reliable Weekly-Paying Tenant
Marketing description
Investor Alert: Turnkey Rental with 9.7% Cap Rate and Reliable Weekly-Paying Tenant
Explore this outstanding investment opportunity at 3416 Seneca Avenue in Aiken’s established Westmont neighborhood. This 2-bedroom, 1-bath ranch home is currently rented to a dependable tenant who pays weekly, totaling $1,200 per month. The property generates a net operating income (NOI) of $12,507 per year, delivering a 9.7% cap rate at the competitive listing price of $129,000.
Tenant Details:
The current tenant pays weekly, is punctual and low-maintenance, and would prefer to stay, making this a plug-and-play investment. However, the lease is month-to-month, so the home is also ideal for a buyer seeking a personal residence.
Versatile Opportunity:
Whether you're looking to add a stable, income-producing property to your portfolio or secure a charming home in Aiken, this listing checks all the boxes. Its proximity to downtown, shopping, and schools only adds to its long-term appeal.
Contact us today to schedule a showing and secure this high-yield opportunity while it lasts!
Investment highlights
Property Highlights:
Updated & Move-In Ready: Features refinished hardwood floors, fresh paint, and a 2019 roof for worry-free ownership.
Functional Layout: Includes a spacious living room, eat-in kitchen, and a primary bedroom with a walk-in closet.
Additional Structures: A detached storage building and 4-car carport offer ample storage and parking flexibility.
Generous Lot Size: Situated on a 0.40-acre fenced lot, perfect for outdoor enjoyment or future improvements.
Utilities & Appliances: Comes equipped with a stove, refrigerator, electric water heater, floor furnace, and window A/C.
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