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1153 Faile Street
Lancaster, SC 29720
Sold for $110,000 on Jul 22, 2024

Great all-brick ranch located in the heart of Lancaster, just minutes from shopping, restaurants, and dining. This home features a traditional layout with original hardwood floors. The property sits on a nicely sized lot with well-maintained landscaping and mature trees. The current renter has lived in the house for 16 years, and the owner has not raised the rent during their ownership. The current rental rate for a similar 2-bedroom home in the area is $1,100, presenting an excellent opportunity for investors seeking the 1% rule. The roof was replaced about three years ago, the HVAC system is from 2016, and while the age of the water heater is undetermined, all systems are functioning well with no open maintenance requests. This home is also open to owner-occupied offers. The tenant is on a month-to-month lease and can be given notice before closing. Agent is owner.

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Basic Information
MLS#: 4150187
Square Footage: 780
Bedrooms: 2
Bathrooms: 1 Full
Acreage: 0.3
Year Built: 1963
Waterfront: No
Listing Details
Closing Date: Jul 22, 2024
List Price: $127,500
Sales Price: $110,000
Days on Market: 11
Listed by: Kim Christenbury, Ivy and Trellis LLC
Sold by: Howard Martin, Nestlewood Realty, LLC

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