Property Details
205,20 Friedheim Road
Rock Hill
$729,900
MLS Number: 4392230
Status: Active
Description
Located just minutes from downtown Rock Hill, this investment property offers a rare opportunity to acquire a completely renovated, turnkey asset with long-term upside. The property consists of two 2-bedroom, 1-bath duplexes and one 3-bedroom, 1-bath single-family home, providing diversified rental income across five units with stable tenant occupancy. Extensively renovated with top-tier finishes throughout, the property has undergone significant improvements, including new roofs on all buildings, updated HVAC systems, modern kitchens and bathrooms, upgraded flooring, fixtures, and cosmetic enhancements. These capital improvements help minimize future maintenance expenses and provide investors with a truly low-maintenance asset. The property generates a strong $59,220 annual NOI and is offered at an attractive 7.5% cap rate, delivering solid in-place returns with additional upside potential. A projected 8% cash-on-cash return (pro forma) further highlights the investment's income-producing potential. Ample parking and generous yard space enhance tenant satisfaction and support long-term occupancy. Positioned in one of the Charlotte region's fastest-growing submarkets, this asset offers investors the ideal combination of stable cash flow, quality renovations, and future appreciation potential. Whether you're expanding an existing portfolio, seeking a 1031 exchange opportunity, or looking for a turnkey multifamily investment, this property checks all the boxes. Fully renovated, Investor-ready.
Location |
|
|---|---|
| Address | 205,20 Friedheim Road Rock Hill |
| Subdivision | Sunset Park |
| County | York |
Overview |
|
| Bedrooms | 11 |
| Full Bathrooms | 5 |
| Half Bathrooms | 0 |
| Square Feet | 3734 sqft |
| Lot Size | 0.17 acres |
| Year Built | 1982 |
General |
|
| List Price | $729,900 |
| MLS Number | 4392230 |
| Status | Active |
| Office | Coldwell Banker Realty |
Schools |
|
| Elementary | Sunset Park |
| Middle | Saluda Trail |
| High | Northwestern |
Features |
|
| Type | Portfolio |
| Parking | Parking Lot |
| Water/Sewer | City |
Listings courtesy of Canopy MLS as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 07/14/26 4:34 am EST.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. School assignments should be verified and are subject to change. Properties may or may not be listed by the office/agent presenting the information. Properties reported may be listed or sold by various participants in the MLS. Copyright© 2020 Canopy Multiple Listing Services, Inc. All rights reserved.
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