205,207,209 Friedheim Road, Rock Hill, SC 29730

Property Description

Located just minutes from downtown Rock Hill, this investment property offers a rare opportunity to acquire a completely renovated, turnkey asset with long-term upside. The property consists of two 2-bedroom, 1-bath duplexes and one 3-bedroom, 1-bath single-family home, providing diversified rental income across five units with stable tenant occupancy. Extensively renovated with top-tier finishes throughout, the property has undergone significant improvements, including new roofs on all buildings, updated HVAC systems, modern kitchens and bathrooms, upgraded flooring, fixtures, and cosmetic enhancements. These capital improvements help minimize future maintenance expenses and provide investors with a truly low-maintenance asset. The property generates a strong $59,220 annual NOI and is offered at an attractive 7.5% cap rate, delivering solid in-place returns with additional upside potential. A projected 8% cash-on-cash return (pro forma) further highlights the investment's income-producing potential. Ample parking and generous yard space enhance tenant satisfaction and support long-term occupancy. Positioned in one of the Charlotte region's fastest-growing submarkets, this asset offers investors the ideal combination of stable cash flow, quality renovations, and future appreciation potential. Whether you're expanding an existing portfolio, seeking a 1031 exchange opportunity, or looking for a turnkey multifamily investment, this property checks all the boxes. Fully renovated, Investor-ready.