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Welcome to 121 Langley Drive, a versatile opportunity whether you're looking for your next home or your next potential investment. This well-maintained quadplex in the heart of Summerville offers four spacious two-bedroom, 1. 5 bathroom units, each featuring a comfortable, thoughtfully updated living space. If you're seeking a smart house-hack opportunity, you can move into one of the units and potentially offset your living expenses with rental income from the three fully leased neighboring units. Down the road, you'll have the pride of providing high-quality housing to your future residents and the confidence of potentially owning a stabilized asset in one of the fastest-growing areas of the Charleston metro. Or, if you're a pure investor, 121 Langley Drive may potentially offer immediate cash flow from day one. With 100% occupancy and $6, 000 per month in rental income already in place, this property is turnkey and potential positioned for long-term value growth. Situated within four miles of historic downtown Summerville, Azalea Park, and within 14 miles of major employers like Boeing, Bosch, and Trident Medical Center, the location offers your future residents both charm and convenience. Easy access to I-26 (just 5. 5 miles away) makes interstate access convenient, while Summerville's community anchored by the Dorchester-2 school district and a vibrant economy continues to drive strong rental demand. Whether you're ready to live and invest, or you're seeking a potentially hands-off, stabilized asset in a high-growth market, 121 Langley Drive checks all the boxes. Opportunities like this don't come around often. Reach out today to schedule your private showing.
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.
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $600,000 | $600,000 | $600,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.058% | 7.063% | 6.132% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,792 | $3,942 | $5,023 |
Total Monthly Payment | $3,884 | $4,034 | $5,115 |
* 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.