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Investors, builders, dreamers - take a look at your next project. Zoned for 4 single family homes, townhomes, or multifamily units and situated with prime Orangeburg Rd frontage this parcel is ready for its highest and best use. This . 9 acre lot is right down the street from Publix and Knightsville Elementary, a short drive to downtown Summerville and Charleston Southern, and 40 minutes from the beaches, downtown, and the airport. With a home previously on the lot, the property has natural gas, well water, septic, and power on the street. The average single family home in the area retails over 350k and multifamily pushes 500k leaving plenty of room for profit or equity after building. This parcel could also potentially be subdivided or rezoned commercial opening a whole new world of usages. Regardless of the end game, the opportunities are plentiful to the savvy investor. Come and walk this rare opportunity today.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $136,000 | $136,000 | $136,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.007% | 7.063% | 6.132% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $848 | $893 | $1,138 |
Total Monthly Payment | $923 | $968 | $1,213 |
* 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.