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!
From Laurens St turn left onto Barnwell Ave NW, right onto Vaucluse Road, left onto Seneca Ave. The home will be on your right.
Property Features
0.4
17424
2
Conventional
1200
3416 Seneca Avenue
residential
Smoke Detector(s)
Cable Available
Public
Exterior Features
See Remarks
See Remarks
Fenced
One
See Remarks
Carport|Attached|Detached|See Remarks|Parking Pad
Asphalt
See Remarks
Single Family Residence
Residential
Interior Features
Laminate|Ceramic Tile|Hardwood
Wall/Window Unit(s)
Floor Furnace|Electric
School Information
Aiken
AIKEN HIGH SCHOOL
AIKEN MIDDLE SCHOOL
Courtesy of Meybohm Real Estate - Aiken
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Feel free to call 912.272.7575 for immediate assistance.