Description
Investor Alert: Turnkey Rental with 10% 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 (NOl) of 12,507 per year, delivering a 10% cap rate at the competitive listing price of 125,000. 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 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 idealifor 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 appea Contact us today to schedule a showing and secure this high-yield opportunity while it lasts!
Details
| MLS # | 98252169 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1949 |
| Days On Site | 222 |
| Listing Provided By | Meybohm Real Estate - Aiken | The Cline Group |
Features
| Bed(s) | 2 |
|---|---|
| Bath(s) | 1 Total |
| SQ Feet | 1,200 |
| Story(s) | 1 |
| Zoning | residential |
| Acreage | 0.40 |
| Property View | None |
Interior
| Interior Features | Pantry, Eat-in Kitchen, See Remarks |
|---|---|
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Cooling | Wall/Window Unit(s) |
| Fireplace Yes / No | No |
| Laundry Features | Dryer Hookup, Washer Hookup |
| Rooms Total | 5 |
Exterior
| Exterior Features | See Remarks |
|---|---|
| Roof | See Remarks |
| Foundation Details | See Remarks |
| Lot Features | See Remarks |
| View | None |
| Construction Materials | Vinyl Siding, Wood Frame |
| Security Features | Smoke Detector(s) |
Parking
| Attached Garage Yes / No | Yes |
|---|---|
| Garage Yes / No | No |
| Parking Features | Carport, Attached, Detached, See Remarks, Parking Pad |
Utilities
| Utilities | Cable Available |
|---|
Taxes
| Tax Book Number | 1/1 |
|---|---|
| Tax Legal Description | 3416 Seneca Avenue |
Area Information
| State | SC |
|---|---|
| County | Aiken |
| City | Aiken |
| Zip Code | 29801 |
| Community Name | Westmont |
| Elementary School | Aiken |
| High School | AIKEN HIGH SCHOOL |
| Listing VS Median (in Westmont) | |
Price: $125,000 low | high Med: $209,900 sqft: 1,200 low | high Med: 1,900 $ / sqft: $104 low | high Med: $110 On site: 222 low | high Med: 18 | |
Market Activity 29801
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Learn More About This Property
| State | SC |
|---|---|
| County | Aiken |
| City | Aiken |
| Zip Code | 29801 |
| Community Name | Westmont |
| Elementary School | Aiken |
| High School | AIKEN HIGH SCHOOL |
| Listing VS Median (in Westmont) | |
Price: $125,000 low | high Med: $209,900 sqft: 1,200 low | high Med: 1,900 $ / sqft: $104 low | high Med: $110 On site: 222 low | high Med: 18 | |