221 N Live Oak Dr., Moncks Corner SC 29461

ON-LINE ONLY Timed Auction: Excellent income producing property with main home and three rental apartments on one in-town site in the heart of Moncks Corner SC.  Perfect opportunity for on-site resident to manage and monitor rentals while producing sufficient income to “live for free”.

221 N. Live Oak Dr., Moncks Corner, SC  29461

This property WILL SELL to the highest bidder at or above a minimum bid of $99,000! Click here to register and bid on-line

Original 1900’s solidly built home (main house) with great front porch and circular drive, has tons of charm and curb appeal.  Ready for renovation into a real show place, or division into rental units if desired.  The property has three efficiency apartments in the rear, all of which can be rented for immediate income.  There is plenty of private parking available for the rentals on this huge .85-acre lot.  Room remains for a workshop or garden if desired. This property is located next to the Municipal Complex in the heart of Moncks Corner and would provide great rental opportunities for workers engaged in construction activities at Volvo, Nexton, Carnes Crossroads and all the related projects in this high growth area of the county.  Now is the time to buy rental property in southwest Berkeley County! Other nearby amenities include Lake Moultrie, Cooper River, Mepkin Abbey and the historic Plantation District of the upper Cooper River Basin

The main house contains 1748 sf with 3 bedrooms and 2 baths.  The rental apartments are each 1 bedroom/1 bath units ranging from 609-708 sf each.  All units are currently vacant in anticipation of the Auction, and are ready for your finishing touches and new tenants.  Market rents for the three apartments would be in the $500 - $600 per month range with the main house commanding $1000 or more.  Applying a Gross Rent multiplier with a 10-year payout would suggest a market value well over $300,000, but you can buy for YOUR PRICE at Auction!  Water & Sewer are public.

An extensive Property Information Package is available as a download on our web site to help in the bidders’ due diligence effort.

This property WILL SELL to the highest bidder at or above a minimum bid of $99,000!  The property has a 2017 tax value of $196,400 previously listed for $299,000 and we have it listed with a “Buy-It-Now” pre-auction cash sale price of $275,000, but you may bid YOUR PRICE at Auction.  Pre-Auction Offers are welcomed! DO NOT MISS this fantastic opportunity!

Auction Location: On-Line Only Timed Auction:  Click here to register and bid on-line

Time: Bidding opens Friday November 9 at 8:00 AM and closes at 2:00 PM on Thursday November 15, 2018

10% Buyer’s Premium - $5,000 Deposit required to bid/buy. (Check or Wire) - Bid Deposits will be returned immediately to unsuccessful bidders.

Preview Dates: November 4 & 11 from 1:00 - 3:00 PM. Any other showings are by appointment only - contact Mike Harper in advance to schedule a showing opportunity if needed.  Buyers Agents may register with their client prior to bidder registration and earn 2% of the high bid price.

FREE PROPERTY INFORMATION PACKAGE CAN BE DOWNLOADED BY FILLING OUT THE FORM BELOW AND CLICKING "SUBMIT"