418 Elm St

This duplex, located at 418 Elm St in Lake City, SC, is being sold AS-IS and offers great investment potential. Currently, it generates $1,000 per month in rental income, with two 2-bedroom, 1-bathroom units. While the units do need updates, they offer significant upside and are an excellent opportunity for an investor or someone looking to add value to the property. According to research from Apartments.com, ApartmentHomeLiving.com, Zillow.com, and RentCafe.com, the average rent for a 2-bedroom, 1-bath apartment in Lake City is approximately $876.40 per month. While there was a wide range of rents across these sites, $876.40 is the average of the estimated rent from all 4 sites for a 2/1 in Lake City. With the current rent of $1,000/month, there is clear potential for strong cash flow with some updates. This duplex is a great opportunity for someone looking to invest in a growing rental market and create long-term value through updates and improvements. Contact us today for more information or to schedule a showing!