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Investment Opportunity – Two Homes on One Lot in Anderson, SC! Address: Anderson, SC 29624 Lot Size: 0. 22 Acres Total Square Footage of Both homes is: Approximately 2, 498 Sqft Combined Discover the potential in this rare investment opportunity featuring two homes on a single 0. 22-acre lot, offered together in the heart of Anderson, SC. Whether you’re looking for your next fix-and-flip project or envision a tear-down and new build, this property is unmatched flexibility and upside potential. Main House: • 2 Bedrooms | 1 Bathroom • Approx. 1, 498 Sqft • Spacious layout with vintage charm, ready for renovation or reimagining. Second House: • 1 Bedroom | 1 Bathroom • Approx. 1, 000 Sqft • Ideal for rental income, guest quarters, or redevelopment. Both properties require work but has strong bones and an unbeatable location just minutes from downtown Anderson, shopping, schools, and major highways. Zoned for residential use and situated in a neighborhood with growing investment and development interest, this is a prime chance to build equity or generate passive income. Endless potential – renovate, rent, or rebuild. Properties like this don’t come often. Act quickly to seize this unique dual-home investment in one of Anderson’s emerging areas.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $56,000 | $56,000 | $56,000 |
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 | 7.083% | 7.063% | 6.152% |
Monthly Tax Payment | $55 | $55 | $55 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $354 | $368 | $469 |
Total Monthly Payment | $484 | $498 | $599 |
* 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.