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Live in One Unit and Rent the Other - A Smart Investment Opportunity in Downtown Charleston!Situated on a corner lot, this elevated home boasts fantastic curb appeal with fresh exterior paint, durable Hardiplank siding, a 30-year architectural shingle roof, updated landscaping, and a newly added back courtyard--perfect for outdoor entertaining. This property offers a total of 5 bedrooms, 5 bathrooms, and over 3, 100 sq. ft. of living space, with beautiful Cumaru hardwood floors throughout. All bathrooms have been recently updated with new vanity mirrors and fresh paint. While currently set up as a duplex, it could easily be converted back to a single residence if desired. The first-floor unit (Unit A) features 2 spacious bedrooms, 2 full bathrooms, and 1, 430 sq. ft. of living space. The open-concept living and dining area is bathed in natural light and flows seamlessly into the kitchen, which includes a gas range, breakfast bar, and stylish overhead pendant lighting. The primary bedroom features an en-suite bath with a walk-in shower, while the second bedroom has direct access to another full bathroom with a tub/shower comboalso accessible from the living area. A stacked washer/dryer in the unit adds convenience. The second unit (Unit B) spans the second and third floors, offering 1, 691 sq. ft. of space with an identical layout to Unit A, plus an additional private third bedroom and full bathroom on the upper level. One of the standout features of this property is the large, secured walk-in storage garage with concrete floor, offering 1, 400 sq. ft. of space with just over 6 feet of head heightideal for storing bikes, tools, outdoor gear, or even creating a workshop. This versatile property presents an incredible opportunity for a homeowner to live in one unit while renting out the otherhelping to offset mortgage costs and make downtown living more affordable. With a strong rental history, it's also a fantastic investment property. Located just two blocks from historic Hampton Park and within walking distance to top-rated schools, shops, and restaurants, this is Charleston living at its finest! Don't miss this rare opportunity schedule a showing today!
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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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,079,760 | $1,079,760 | $1,079,760 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.625% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.861% | 6.739% | 6.560% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,561 | $6,914 | $9,332 |
Total Monthly Payment | $6,686 | $7,039 | $9,457 |
* 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.