209 - 237 Rickenbacker ST, Lancaster, SC 29720
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209 - 237 Rickenbacker ST, Lancaster, SC 29720
209 - 237 Rickenbacker ST, Lancaster, SC 29720
209 - 237 Rickenbacker ST, Lancaster, SC 29720
209 - 237 Rickenbacker ST, Lancaster, SC 29720
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Karen Steward

Karen Steward

+1(704) 737-2729
$ 850,000
Est. payment /mo
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209 - 237 Rickenbacker ST Lancaster, SC 29720

2 Beds

1 Bath

6,560 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Portfolio

Listing Status Active

Purchase Type For Sale

Square Footage 6,560 sqft

Price per Sqft $129

MLS Listing ID 4436937

Bedrooms 2

Full Baths 1

Abv Grd Liv Area 6,560

Year Built 1950

Lot Size 0.880 Acres

Acres 0.88

Property Sub-Type Portfolio

Property Description

Excellent opportunity to invest in an established eight-home single-family rental portfolio in Lancaster, SC! Conveniently situated along the same street, these neighboring properties each feature 2 bedrooms and 1 bathroom, offering a streamlined approach to property management and maintenance. The portfolio is currently 100% occupied, generating approximately $7,000 in gross monthly rental income, with several long-term tenants who have called these properties home for 10 to 20+ years. Annual expenses are approximately $2,188 for insurance and $8,349 for property taxes across the portfolio. Adding to the appeal is a 20' x 20' storage warehouse located behind 237 Rickenbacker Street, with most contents conveying at closing, along with a vacant lot between the corner and 237 Rickenbacker Street. The surrounding area features nearby new construction and is conveniently located within walking distance of the city pool and Wylie Street Park. Whether you're looking to expand an existing rental portfolio or invest in multiple income-producing properties in one location, this offering presents a unique opportunity!

Seller will be present for all showings. DO NOT DISTURB OR COMMUNICATE WITH TENANTS UNDER ANY CIRCUMSTANCES.

Location

State SC

County Lancaster

Zoning R-6

Interior

Heating Baseboard

Cooling Window Unit(s)

Appliance None

Laundry Electric Dryer Hookup, Washer Hookup

Exterior

Street Surface Concrete,Paved

Garage false

Building

Dwelling Type Site Built

Foundation Crawl Space

Sewer Public Sewer

Water City

Structure Type Block

New Construction false

Schools

Elementary Schools Brooklyn Springs

Middle Schools A.R. Rucker

High Schools Lancaster

Others

Pets Allowed Yes

Senior Community false

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

© 2026 Listings courtesy of Canopy MLS as distributed by MLS GRID. All Rights Reserved.
Listed by Mike Morrell • Keller Williams Connected • 803-323-7226

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209 - 237 Rickenbacker ST