29 Wendy Lane, Charleston, SC, 29407 | $700,000

Welcome to 29 Wendy Lane, a unique triplex nestled in the charming Heathwood subdivision of Charleston, SC. Just steps away from the beautiful Lenevar Park, this property offers an exceptional opportunity for both investors and homeowners alike. This individually metered triplex features three distinct units: a cozy studio, a spacious two-bedroom one-bath, and a charming one-bedroom one-bath. The smaller units share a separate structure that provides washer/dryer facilities. Set on just shy of half an acre, the property boasts individual parking spaces and is enveloped by mature landscaping, creating a serene and inviting atmosphere. The current tenants have enjoyed the safety and livability of the neighborhood, the gorgeous landscaping, walkability to the park, and having the current owner right next door for on site management! The owner has offered the option to continue managing the property, current or future tenants, and landscaping after closing for a reasonable rate if the new owner would like to exercise the option. This presents tremendous value and savings for a prospective investor! What makes this property truly special is its rarity. A deeded triplex surrounded by single-family homes that typically sell above the area's median price. With all leases scheduled for renewal in May, you have the chance to add significant value after closing. Location is key, and at 29 Wendy Lane, you're just a quick 10-minute drive from downtown Charleston, the airport and park circle while only being 30 minutes from the local beaches. Whether you're looking to invest or find a place to call home, this property offers a perfect blend of opportunity, comfort, and convenience. Don't miss your chance to experience the charm of this exceptional triplex!

Features

  • Amenities: Park
  • Units: 3
  • Development: 11 - West of the Ashley Inside I-526
  • Year Built: 1952
  • Heating: Central
  • Cooling: Central Air
  • Approx Sq. Feet: 1,761
  • Acreage: 0.48
  • Elem. School: St. Andrews
  • Middle School: C E Williams
  • High School: West Ashley
  • MLS#: 25005937
  • Days on Market: 63 days
  • Website: https://www.raveis.com
    /prop/25005937/29wendylane_charleston_sc?source=qrflyer
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Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.
Listing courtesy of Tabby Realty LLC

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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Our Insurance Division:

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29 Wendy Lane, Charleston, SC, 29407

$700,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $560,000 $560,000 $560,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.375% 6.875% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.995% 7.037% 6.046%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,494 $3,679 $4,650
Total Monthly Payment $3,586 $3,771 $4,742

* 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.