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31819290
31429797

503 East South 2nd Street, Seneca, SC 29678 For Sale

AC
SC 141414
The Stonebrook Group
CJ
SC 141904
The Stonebrook Group
Listed by The Stonebrook Group
$2,900,000
109 days on market
Updated 46 days ago
Opportunity zone

The Seneca 15

Details
Property Type Mixed Use, Multifamily (+1)
Sub Type Single Family Rental Portfolio
Units 14
Cap Rate 6.52%
NOI $189,196
Pro-Forma Cap Rate 8.10%
Pro-Forma NOI $100
Class C
Buildings 14
Acreage 0.15 - 0.75
Investment Type Value Add
Ground Lease No

15-Home Single-Family Rental Portfolio Generating $21,000+ in Monthly Income

Marketing description

The Seneca 15 presents a rare opportunity to acquire a diversified portfolio of fifteen single family rental homes located throughout the growing Clemson and Seneca market in Upstate South Carolina. The portfolio offers a blend of stabilized in place income and immediate upside, with only two units currently vacant, both recently completed and positioned for lease up at market rental rates.

Currently generating over $21,000 plus in monthly income, the portfolio benefits from strong workforce housing demand driven by Clemson University, regional employment, and continued in migration to the Upstate. The presence of newly delivered units allows investors to capture fresh leases at today’s rental levels without the need for renovation or repositioning.

Investors have the flexibility to acquire the portfolio in its entirety or pursue smaller groupings or individual assets, allowing for tailored investment strategies ranging from stabilized yield to targeted value add execution.

This offering provides a compelling entry into a stable and growing rental market, combining current cash flow, lease up potential, and long term appreciation.

The Seneca 15 Property List:

1. 102 Allen St

2. 103 Hope Ave

3. 1441 Hiawassee Dr

4. 905 E South 1st St

5. 110 W Cres Dr

6. 918 E Main St

7. 309 Hunter St

8. 705 Goddard Ave

9. 307 Yellow Jasmine Dr

10. 110 A Ware St

11. 228 Rock Ln

12. 215 Elm St

13. 1 A Padgett St

14. 110 Ware St

15. 503 E South 2nd St

Investment highlights

Minimal Vacancy with Immediate Lease Up Opportunity

Only 1 of 15 units are currently vacant

Vacant unit are newly completed and lease ready

Most of the Units are either recently updated or new builds.

The Seneca 15 Property List:

1. 102 Allen St

2. 103 Hope Ave

3. 1441 Hiawassee Dr

4. 905 E South 1st St

5. 110 W Cres Dr

6. 918 E Main St

7. 309 Hunter St

8. 705 Goddard Ave

9. 307 Yellow Jasmine Dr

10. 110 A Ware St

11. 228 Rock Ln

12. 215 Elm St

13. 1 A Padgett St

14. 110 Ware St

15. 503 E South 2nd St

Listing Contacts

AC
SC 141414
The Stonebrook Group
CJ
SC 141904
The Stonebrook Group
Listed by The Stonebrook Group

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$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$189,196.00
$15,766.33/mo

Valuation Metrics

0
DSCR
6.52%
Cap Rate
6.52%
ROI

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Additional Information

Name
Austin Cain
License
141414
Brokerage
The Stonebrook Group - A Rich Southern Properties Team
Brokerage Phone
8643241726
Title
Principal / Managing Partner
Brokerage Address
11 Perry Avenue
Name
Christian Joyce
License
141904
Brokerage
The Stonebrook Group - A Rich Southern Properties Team
Brokerage Phone
8643246035
Title
Principal / Managing Partner
Brokerage Address
11 Perry Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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