$985,000
Est. Payment: $5,063/mo
Adjust down payment, rate & terms
209 Rickenbacker St, Lancaster, SC 29720
Lancaster, SC 29720
8
bedrooms
0
baths
6,720
sq.ft.
$147
price per sf
Presented By
Carnarri Cofield
REALTOR®
About This Property
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.
About the Neighborhood
Homes for sale in 29720 place buyers in Lancaster, the Lancaster County seat approximately 40 miles southeast of Charlotte via US-521, a small city experiencing a genuine revitalization anchored by its textile heritage, historic downtown, and competitive residential values that increasingly attract Charlotte metro buyers seeking space and value. The residential landscape features late Victorian and Colonial Revival homes in the established historic residential neighborhoods surrounding the Lancaster County Courthouse, alongside mid-century brick ranches and newer construction on the city's expanding corridors. The revitalizing Downtown Lancaster corridor along Main Street delivers emerging independent dining and retail investment, while Andrew Jackson State Park. honoring the seventh US president, a Lancaster County native. provides outdoor recreation and historical interpretation minutes from residential neighborhoods. Major employers including Springs Industries' successor operations and Atrium Health Lancaster anchor the local employment base. The 29720 real estate market delivers substantial historic homes and newer construction at highly competitive price points, with US-521 providing Charlotte connectivity in approximately 45–50 minutes and positioning buyers within reach of both the Charlotte metro and Lancaster County's growing amenity base.
Property Features
Property Description
- Beds Total: 8
- Half Baths: 0
- Year Built: 1950
- Living Area: 6,720 sqft
- New Construction: No
- MLS #: 4392585
Additional Home Features
- Subdivision: none
- Neighborhood: none
Association
- HOA Required: No
Interior Features
- Heating: Baseboard
- Cooling: Window Unit(s)
- Electric Dryer Hookup
- Washer Hookup
Appliances
- None
Construction Materials
- Block
- Foundation: Crawl Space
Cooling
- Window Unit(s)
Foundation Details
- Crawl Space
Heating
- Baseboard
Laundry Features
- Electric Dryer Hookup
- Washer Hookup
Parking Features
- Driveway
- On Street 0
Pets Allowed
- Yes
Road
- Road Responsibility: Publicly Maintained Road
- Road Surface Type: Concrete, Paved
Sewer
- Public Sewer
WaterSource
- City
Tax and Financial Info
- Listing Terms: Cash, Conventional
Location
LISTING COURTESY OF: PREMIER SOUTH
stacyjohnsonbelmont@gmail.com
$985,000
Est. Payment: $5,063/mo
Adjust down payment, rate & terms
Lancaster, SC 29720
8
bedrooms
0
baths
6,720
sq.ft.
$147
price per sf
Presented By
Carnarri Cofield
REALTOR®
Listings courtesy of Canopy MLS as distributed by MLS GRID
No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Citadel Cofield, its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Premier South
Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
$985,000
209 Rickenbacker Street
8 bed, 0 bath