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308-311B Drake Cir - 308-311B Drake Circle, Anderson, SC 29624 3 Unit Apartment Building Offered at $226,562 CAD Anderson, SC 29624
Investment Highlights
- Multi-Tenant Income Stream: Three separate units providing diversified rental income
- Separately Metered Utilities: Minimizes landlord expenses and maximizes NOI
- Efficient Asset Management: Multiple units consolidated on a single parcel
- Value-Add Opportunity: Potential to increase rents and improve returns through strategic management
- Strong Rental Demand Area: Proximity to major highways and downtown Anderson supports occupancy
- Flexible Exit Strategies: Suitable for long-term hold, repositioning, or resale
Executive Summary
Property Description
Value-add, multi-tenant investment opportunity consisting of three separate rental units on approximately ±0.50 acres within Anderson city limits. The asset includes three buildings totaling ±2,600 square feet, each equipped with separately metered power and water, allowing for efficient expense management and tenant accountability.
This property is well-suited for investors seeking multiple income streams within a single, easily manageable location, with upside potential through lease optimization and operational improvements.
311B Drake Circle: ±500 SF
311A Drake Circle: ±800 SF
309 Drake Circle: ±1,300 SF
Location Description
±0.20 miles to Hwy 29 South
±0.21 miles to Hwy 28 Bypass
±2.1 miles to Downtown Anderson
Strategically positioned with quick access to major corridors, supporting tenant demand and long-term rental stability.
Highlights
Multi-Tenant Income Stream: Three separate units providing diversified rental income
Value-Add Opportunity: Potential to increase rents and improve returns through strategic management
Separately Metered Utilities: Minimizes landlord expenses and maximizes NOI
Strong Rental Demand Area: Proximity to major highways and downtown Anderson supports occupancy
Efficient Asset Management: Multiple units consolidated on a single parcel
Flexible Exit Strategies: Suitable for long-term hold, repositioning, or resale.
Value-add, multi-tenant investment opportunity consisting of three separate rental units on approximately ±0.50 acres within Anderson city limits. The asset includes three buildings totaling ±2,600 square feet, each equipped with separately metered power and water, allowing for efficient expense management and tenant accountability.
This property is well-suited for investors seeking multiple income streams within a single, easily manageable location, with upside potential through lease optimization and operational improvements.
311B Drake Circle: ±500 SF
311A Drake Circle: ±800 SF
309 Drake Circle: ±1,300 SF
Location Description
±0.20 miles to Hwy 29 South
±0.21 miles to Hwy 28 Bypass
±2.1 miles to Downtown Anderson
Strategically positioned with quick access to major corridors, supporting tenant demand and long-term rental stability.
Highlights
Multi-Tenant Income Stream: Three separate units providing diversified rental income
Value-Add Opportunity: Potential to increase rents and improve returns through strategic management
Separately Metered Utilities: Minimizes landlord expenses and maximizes NOI
Strong Rental Demand Area: Proximity to major highways and downtown Anderson supports occupancy
Efficient Asset Management: Multiple units consolidated on a single parcel
Flexible Exit Strategies: Suitable for long-term hold, repositioning, or resale.
Property Facts
| Price | $226,562 CAD | Lot Size | 0.50 AC |
| Price Per Unit | $75,521 CAD | Building Size | 2,600 SF |
| Sale Type | Investment | No. Stories | 1 |
| No. Units | 3 | Year Built | 1958 |
| Property Type | Multifamily |
| Price | $226,562 CAD |
| Price Per Unit | $75,521 CAD |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Lot Size | 0.50 AC |
| Building Size | 2,600 SF |
| No. Stories | 1 |
| Year Built | 1958 |
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Fairly walkable
40/100
Very drivable
80/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 125-20-05-003 | Improvements Assessment | $7,909 CAD |
| Land Assessment | $151 CAD | Total Assessment | $8,060 CAD |
Property Taxes
Parcel Number
125-20-05-003
Land Assessment
$151 CAD
Improvements Assessment
$7,909 CAD
Total Assessment
$8,060 CAD
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308-311B Drake Cir - 308-311B Drake Circle, Anderson, SC 29624
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