Hartsville, SC 29550,942 N Fifth St
Hartsville, SC 29550,942 N Fifth St
Hartsville, SC 29550,942 N Fifth St
42
$420,000
$499,000
15.8%
Est.Price: ?

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3,643 SqFt

942 N Fifth St Hartsville, SC 29550

Est. payment /mo
SOLD DATE : 04/12/2024

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Key Details

Sold Price $420,000

Property Type Multi-Family

Sub Type Multi Family

Listing Status Sold

Purchase Type For Sale

Approx. Sqft 19166.4

Square Footage 3,643 sqft

Price per Sqft $115

Subdivision City

MLS Listing ID 20234147

Sold Date 04/12/24

Year Built 1952

Lot Size 0.440 Acres

Property Description

Investors! Rare Opportunity for a Commercial Income-Generating Lakefront Property! Nestled on the corner of Lakeview Blvd and N. 5th St in charming Hartsville, SC, this motel is currently undergoing a rejuvenating facelift, poised to emerge as a strong income generator. The property’s prime location offers a picturesque view of the lake, providing a tranquil setting for guests. Under the renovation, this motel is being transformed into a modern and inviting retreat, ensuring a comfortable stay. The revamped interiors boast contemporary designs and amenities, ideal for both leisure and business travelers. The strategic corner location enhances visibility, making it an attractive choice and is easily accessible to Sonoco and Coker University. Two years ago, prior to any renovations, the property was generating just over $125,000 annually. Renovations include new RFID door locks, new windows throughout, new flooring, new paint, new case goods (dressers, beds, nightstands, lamps, flat-screen TVs), new countertops, sinks, fridge/freezer, microwaves, all new bathrooms. All that remains is exterior cosmetics! There are 9 1-BR units and 3 2-BR units. Keep as a motel or convert to multifamily. Now is the time to come swoop these up at this bargain basement price. Using a conservative average daily rate of $55 with a conservative 70% occupancy will produce $168,000 annually. All case goods convey in sale. Please give 24 hours to schedule an appointment to come see the rooms. This is the only B-2 zoned (commercial zoning) lot actively on the market on Prestwood Lake.

Location

State SC

County Darlington

Area Hartsville

Interior

Heating Base Electric

Cooling Window Unit(s)

Fireplace No

Exterior

Garage Off Street

Roof Type Composite Shingle

Garage No

Building

Story 1

Water Public

Schools

Elementary Schools N. Hartsville

Middle Schools Hartsville

High Schools Hartsville

School District Hartsville

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Listed by: Choice Realty, Inc. • Jonathan C Lee
Bought with Choice Realty, Inc.

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Katelyn Peake

Agent | License ID: 133551

+1(843) 490-2128

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