Attention investors! Outside has been recently painted with all new blinds in every unit! New photos soon! Welcome to 719-727 Burdine Road, where opportunity meets potential in real estate investment. This property is comprised of 3 Duplexes featuring a total of 6 units, each offering 2 bedrooms and 1 full bathroom. But that's just the beginning. Venture to the back lot and discover a surveyed and approved space ready to accommodate 3 more duplexes. With access facilitated by the existing wrap-around driveway, the potential for expansion is promising, allowing for a total investment of 6 duplexes and 12 units! The addresses on Burdine Road within this property are 717, 719, 721, 723, 725, and 727, all under a single tax map number. Step inside any of the 2 bedrooms and 1 full bathroom units, and you'll find identical floor plans designed for convenience and comfort. Each unit features a single-story layout with main level access via a welcoming front porch or a convenient back patio. A living area and a full kitchen with W/D hookups as well. This property boasts minimal maintenance requirements, ensuring ease of ownership. All units are occupied, presenting immediate income-generating potential. While professionally managed by a property management company, the management can seamlessly transition to the new owners. What sets this property apart is its rare potential for expansion. The included vacant lot has been subdivided and approved for the construction of 3 additional duplexes, allowing for the creation of up to 6 more units. This promising opportunity is a testament to the property's prime location in Anderson, just a stone's throw away from downtown and its surrounding attractions. Offered in its current condition, this property is sold As-Is, providing a canvas for your vision and investment goals. Don't miss out on this rare chance to secure a prime real estate asset with extra possibilities.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$650,624
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 401.474.4879
Whitney.Rugg@raveis.com
NMLS Mortgage Loan Originator ID 7654
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $520,499 | $520,499 | $520,499 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.125% | 4.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.483% | 6.273% | 5.268% |
Monthly Tax Payment | $819 | $819 | $819 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,163 | $3,163 | $4,113 |
Total Monthly Payment | $4,074 | $4,074 | $5,024 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.