This property holds partial ownership by listing agent. Opportunities like this don't come around often, so don't miss out on the chance to acquire this duplex, appealing to both investors and owner-occupiers alike! With amazing upgrades including a recent repaint and new gutter installation in 2022. Each unit consists of one bedroom and one bathroom offers the following: Unit A is fully furnished and has been used for STR and has undergone complete upgrades. (See Associated Documents for updates to Unit A and please share with your clients. ) Unit B has had long term tenant for 6+ years (never been late on rent - rental is $1100/month. But the excitement doesn't end there! With the upcoming $2 billion "On The Trail GVL" project set to begin in fall 2024, the neighborhood is on the brink of transformation. Located just 3. 5 miles from Downtown Greenville and 3 miles from Furman University, and conveniently accessible via the award-winning Swamp Rabbit Trail, "On The Trail GVL" will be a high-impact mixed-use site, including multifamily, single-family, retail, office, and light industrial spaces. As reported by the Upstate Business Journal, this development promises to breathe new life into the area, offering multifamily housing, commercial space, dining options, educational facilities, research campuses, expansive green spaces, and more. Investing in this property means investing in the future of the community. Timing is crucial in real estate, and with this development on the horizon, now is the perfect time to seize this opportunity. They say location is everything, and with this property positioned in the heart of the action, your potential for success is boundless. Don't delay any longer; secure your share of prosperity today! You could call the duplex next door it's twin and it just sold/closed providing excellent comparable!!
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William Raveis Mortgage, LLC
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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 | $197,600 | $197,600 | $197,600 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.655% | 7.146% | 6.276% |
Monthly Tax Payment | $239 | $239 | $239 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,348 | $1,313 | $1,666 |
Total Monthly Payment | $1,662 | $1,627 | $1,980 |
* 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.