2491 Russell Street | Orangeburg | $250,000
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2491 Russell Street
Orangeburg, SC 29115
$250,000
6
BEDS
5,650
SQ. FT.
2491 Russell StreetOrangeburg, SC 29115
For SALE
ACTIVE
$250,000
EST. 629.31/MO CALCULATE
6
BEDS
5,650
SQ. FT.
Property Description
Attention Investors! Rare 8-Unit building near two Universities. Property is ideally positioned on the main entrance from I-26 into up and coming Orangeburg. Within walking distance to both South Carolina State University and Claflin University - a prime rental location. A fire occurred in May of this year in one of the upstairs units. Building is in need of repair and currently vacant and not habitable. The property is priced accordingly and sold ''As is''. Please do not enter any of the units or walk the stairs of the building. Previous to the fire the building was fully occupied with a gross rent of $74,640 and a wait list of tenants queued to rent. The 5,652-sqft building underwent a major interior/exterior renovation three years ago prior to the fire. The lot is spacious at 0.87 of anacre and located on the main road Russell Street leading into downtown Orangeburg. The complex includes seven 2-bedroom/1-bath units and one 1-bedroom /1-bath unit. There is also ample parking plus a covered carport. This property also positions itself in the path of progress. Orangeburg is undergoing some major transformations, with substantial funding directed toward community and infrastructure improvements. Recent and ongoing projects include a brand-new City Hall and Library/Conference Center on Russell Street, the newly completed, state of the art Orangeburg Wilkinson High School, and new county courthouse scheduled to break ground this year. These developments are helping drive economic activity, employment, and long-term area stability all positive indicators for real estate investors. Adding to the upside, South Carolina State University has experienced a 33% increase in enrollment over the past five years, creating a notable housing shortage. This surge presents a strategic opportunity for investors to operate the property as dedicated student housing, where demand continues to outpace supply. With its high-visibility location next to universities, and strong rental income potential, this property with some work would be a great addition to any investment portfolio.
Property Details
- MLS ID26023327
- Property TypeMulti Unit - Multiple
- Building Area Total5650
- Days on Site13
- ExteriorBrick, Vinyl Siding
- HeatingWall Unit(s)
- HeatingY/N1
- Home StyleMore than 4
- Interior FeaturesCeiling Fan(s)
- Lot Dimensions0.87 acre(s)
- Lot Size0.87 Acres
- Other StructuresNo
- Parking FeaturesOther
- Roof TypeArchitectural
- SewerPublic Sewer
- Stories2.0
- Structure TypeMore than 4
- Units8
- UtilitiesCity of Orangeburg
- WaterPublic
- Year Built1974
- acres0.87
Amenities
- Ceiling Fan(s)
Listed By / Shown By
Listed By
Agency Name: Gatehouse Realty, LLC
Charleston Trident MLS
Shown By
Agency Title: Carolina One Real Estate
Agency Phone: (843) 203-5016
Charleston Trident MLS
Web address QR Codes
2491 Russell Street
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