720 Ribaut Road, Beaufort, SC 29902 - LoopNet

[Pages:10]Multi-Family

720 Ribaut Road Beaufort, SC 29902

Platinum Partners

720 Ribaut Road, Beaufort, SC 29902

For Sale

PREPARED BY:

Coldwell Banker Commercial Platinum Partners 2015 Boundary St Suite 105 Beaufort, SC 29902

Michael Mark 843-812-6023 MMark@

MMARK@

(843) 812-6023

720 Ribaut Road Beaufort, SC 29902

PROPERTY OVERVIEW

THE PROPERTY

720 Ribaut Road Beaufort, SC 29902

Platinum Partners

PROPERTY SPECIFICATIONS

Property Type: Land: Zoning Entity

Zoning Class

Multi Family 0.8 Acres Beaufort County

T3N

Units

6

PRICE Sale Price:

$400,000

PROPERTY SPECIFICATIONS

PROPERTY OVERVIEW

Close To: Located: Frontage Buildings: County

Downtown, Bay Street Main Road Ribaut Road 4 Beaufort

Opportunity for income producing property. This complex of 6 apartments is very close to downtown Beaufort SC. The lot consists of four residential buildings with storage and a common area laundry facility. Rents have been kept very affordable and so there are seldom any vacancies. Currently managed by local management company. The lot is about .8 acres and less than 1 mile to the waterfront park. also close to hospital and technical college. At this price the property is being sold AS IS.

MMARK@

(843) 812-6023

720 Ribaut Road Beaufort, SC 29902

PROPERTY OVERVIEW

PROPERTY PHOTOS

Platinum Partners

MMARK@

(843) 812-6023

720 Ribaut Road Beaufort, SC 29902

Zoning ? Beaufort City T3N ? Neighborhood District

Platinum Partners

The T3-Neighborhood district is residential in character, and includes a mixture of residential and civic uses. Residential units are an assortment of sizes and types including cottages, small houses, two- and three-family dwellings, village houses, and cottage courts. Carriage houses, located behind single family homes, and on the interior of lots, may contain studios or other small businesses.

MMARK@

(843) 812-6023

720 Ribaut Road Beaufort, SC 29902

MAPS & AERIALS

Platinum Partners

MMARK@

(843) 812-6023

720 Ribaut Road Beaufort, SC 29902

Drive Times

Platinum Partners

MMARK@

(843) 812-6023

720 Ribaut Road Beaufort, SC 29902

720 Ribaut Rd, Beaufort, South Carolina, 29902 Drive Time: 5 minute radius

RENTER-OCCUPIED HOUSING UNITS BY CONTRACT RENT Total

With cash rent Less than $100 $100 to $149 $150 to $199 $200 to $249 $250 to $299 $300 to $349 $350 to $399 $400 to $449 $450 to $499 $500 to $549 $550 to $599 $600 to $649 $650 to $699 $700 to $749 $750 to $799 $800 to $899 $900 to $999 $1,000 to $1,249 $1,250 to $1,499 $1,500 to $1,999 $2,000 or more

No cash rent

Median Contract Rent Average Contract Rent

RENTER-OCCUPIED HOUSING UNITS BY INCLUSION OF UTILITIES IN RENT Total

Pay extra for one or more utilities No extra payment for any utilities

2011-2015 ACS Estimate

969 869

49 24 40

2 14 23

4 104

75 24 27 69 50 104 62 153 10 27

8 0 0 101

$635 N/A

969 969

0

Platinum Partners

Prepared by Esri Latitude: 32.43049 Longitude: -80.68652

Percent

100.0% 89.7% 5.1% 2.5% 4.1% 0.2% 1.4% 2.4% 0.4% 10.7% 7.7% 2.5% 2.8% 7.1% 5.2% 10.7% 6.4% 15.8% 1.0% 2.8% 0.8% 0.0% 0.0% 10.4%

MOE(?)

Reliability

114 109

57 13 28

2 11 24

5 55 21

8 13 50 18 50 14 42 17 20 10

0 0 69

N/A N/A

100.0%

114

100.0%

114

0.0%

0

MMARK@

(843) 812-6023

720 Ribaut Road Beaufort, SC 29902

720 Ribaut Rd, Beaufort, South Carolina, 29902 Drive Time: 10 minute radius

RENTER-OCCUPIED HOUSING UNITS BY CONTRACT RENT Total

With cash rent Less than $100 $100 to $149 $150 to $199 $200 to $249 $250 to $299 $300 to $349 $350 to $399 $400 to $449 $450 to $499 $500 to $549 $550 to $599 $600 to $649 $650 to $699 $700 to $749 $750 to $799 $800 to $899 $900 to $999 $1,000 to $1,249 $1,250 to $1,499 $1,500 to $1,999 $2,000 or more

No cash rent

Median Contract Rent Average Contract Rent

RENTER-OCCUPIED HOUSING UNITS BY INCLUSION OF UTILITIES IN RENT Total

Pay extra for one or more utilities No extra payment for any utilities

2011-2015 ACS Estimate

3,285 3,030

132 95 48 43 48 45 99

158 118 228 124 207 166 268 184 495 206 165

68 125

6 255

$701 N/A

3,285 3,243

42

Platinum Partners

Prepared by Esri Latitude: 32.43049 Longitude: -80.68652

Percent

100.0% 92.2% 4.0% 2.9% 1.5% 1.3% 1.5% 1.4% 3.0% 4.8% 3.6% 6.9% 3.8% 6.3% 5.1% 8.2% 5.6% 15.1% 6.3% 5.0% 2.1% 3.8% 0.2% 7.8%

MOE(?)

Reliability

281 279

96 102

27 38 40 31 75 53 29 115 104 66 54 109 45 170 68 32 13 38

7 124

N/A N/A

100.0%

281

98.7%

281

1.3%

14

MMARK@

(843) 812-6023

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