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1523-1525 N Avalon Circle, Charleston, SC, 29407 | $1,140,000
Located in the heart of West Ashley, 1523-1525 N Avalon Circle offers a rare opportunity to acquire six fully separate two-bedroom, one-and-a-half-bath units across two triplex buildings. Four units are currently vacant, providing immediate upside through lease-up at market rent, while the remaining units are already income-producing. Each unit features a spacious layout with private outdoor space, making them highly attractive to long-term renters. The property is centrally located from major employers, shopping, and dining, with quick access to I-526 and downtown Charleston. This is a turnkey asset with the potential for room to grow--potentially perfect for investors looking to scale their portfolio in one of Charleston's most stable and desirable rental corridors. Improvements include: New roof New exterior paint New interior paint New floors New appliances Cabinets were either painted or replaced New toilets New lights New hinges and door handles *Ownership has their SC real estate license. **There may be a potential option to subdivide into 2 triplexes. This has not been confirmed and will need to be confirmed by buyer/buyer's agent and all governing bodies.
Features
- Bedrooms: 8
- Units: 6
- Development: 11 - West of the Ashley Inside I-526
- Year Built: 1968
- Heating: Central
- Cooling: Central Air
- Approx Sq. Feet: 4,900
- Acreage: 0.4
- Elem. School: Springfield
- Middle School: C E Williams
- High School: West Ashley
- MLS#: 25013603
- Days on Market: 5 days
- Website: https://www.raveis.com
/prop/25013603/15231525navaloncircle_charleston_sc?source=qrflyer
Listing courtesy of Matt O'Neill Real Estate
William Raveis Family of Services
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888.699.8876
Contact@raveis.com
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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
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
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Yokadi MejiaInsurance Sales Director, William Raveis Insurance
561.335.7966
Yokadi.Mejia@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
1523-1525 N Avalon Circle, Charleston, SC, 29407
$1,140,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $912,000 | $912,000 | $912,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.375% | 6.750% | 6.500% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.949% | 6.865% | 6.686% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,690 | $5,915 | $7,945 |
| Total Monthly Payment | $5,815 | $6,040 | $8,070 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484