Investor Alert: Add a high-performing, fully furnished mid-term rental to your portfolio with minimal effort and immediate returns. This 2-bedroom condo is a hands-off, income-generating gem. Highlights: Fully Operational Since March 2025 with Mid-Term Guests in place through January 2026Turnkey Sale Includes all furniture, dcor, linens, appliances, plus washer and dryer; unit also has a new HVAC & new water heater. Minimal Management thanks to extended stays from insurance placements and corporate guests; Mid-Term Rental Friendly HOA requires 30-day minimum stays. Gross income from MarchJuly: $7, 751; Annualized income projection: $23, 254; Cap Rate (Cash Purchase): 14.48 Note: This unit was previously appraised for less due to comps from downtown units with inferior finishes, environment, and income potential. Cash buyers are preferred due to this appraisal mismatch. This is a true plug-and-play investment in a stable, high-demand rental niche with great returns and low turnover. An additional unit in the same complex has been fully operational since January and demonstrates the same great returns. It is also available for purchase. Disclaimer: CMLS has not reviewed and, therefore, does not endorse vendors who may appear in listings.
Property Features
Bedrooms
- Bedrooms: 2
- Primary Bedroom Level: Second
- Bedroom 2 Level: Second
- Primary Bedroom Features: Closet-His & Her, Bath-Shared, Ceiling Fan, Floors-Luxury Vinyl Plank
- Bedroom 2 Features: Bath-Shared, Closet-Private, Floors-Luxury Vinyl Plank
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 1
- 1/2 Bathrooms: 1
- Half Bathrooms On Main Level: 1
- Full Bathrooms On Level 2: 1
Kitchen and Dining
- Kitchen: Counter Tops-Granite, Floors-Luxury Vinyl Plank
- Formal Dining Room Features: Area
- Kitchen Level: Main
Appliances
- Laundry Features: Closet, Heated Space
Heating and Cooling
- Cooling Features: Heat Pump 1st Lvl, Heat Pump 2nd Lvl
- Heating Features: Heat Pump 1st Lvl, Heat Pump 2nd Lvl
Other Rooms
- Living Room Level: Main
- Living Room Features: Floors-Luxury Vinyl Plank
Exterior and Lot Features
- Patio
- Fencing: Rear Only Wood
- Roads: Paved
Homeowners Association
- Association: Yes
- Association Fee: 225
- Association Fee Frequency: Monthly
- Association Fee Includes: Common Area Maintenance, Landscaping, Pool, Sewer, Trash, Water, Pest Control
- Calculated Total Monthly Association Fees: 225
School Information
- Elementary School: Seven Oaks
- High School: Irmo
- Middle School: Crossroads
- School District: Lexington/Richland Five
Other Property Info
- Source Listing Status: ACTIVE
- County: Lexington
- Directions: I-26 to Piney Grove. Piney Grove to St Andrews, left on St Andrews, Right on Tram Rd, Right into parking lot
- Source Property Type: RESIDENTIAL
- Area: Irmo/St Andrews/Ballentine
- Property Subtype: townhouse
- Source Neighborhood: CLOISTERS OF WHITEHALL
- Subdivision: CLOISTERS OF WHITEHALL
- Property Subtype: Townhouse
- Source System Name: C2C
Building and Construction
- Total Square Feet Living: 950
- Year Built: 1978
- Building Exterior Type: Brick-All Sides-AbvFound
- Property Age: 47
- Levels or Stories: 2
- House Style: Traditional
- Total Area Sqft: 950
Utilities
- Sewer: Public
- Water Source: Public
Home Features
- Other Equipment: Dishwasher, Dryer, Refrigerator, Washer, Microwave Above Stove