Strategic ±5.137-acre redevelopment opportunity zoned T5-UC/RMX within the City of Beaufort, positioned between Parris Island Gateway and Highway 170 on Old Jericho Rd. This five-parcel assemblage's zoning allows for a broad range of permitted uses including multifamily, single-family, retail, office, and other commercial concepts, with light industrial or manufacturing offered as conditional uses. Property was preliminary approved for an affordable housing tax credit development; full set of plans in hand. Parcels currently contain multiple single family houses and mobile homes, which are in month-to-month leases. Water, sewer, electricity, and gas are already on-site, and topography is relatively level. At the current asking price, the property offers a compelling value proposition.
25 Old Jericho Road, Beaufort, SC, 29906
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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