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1215 Prince Street, Beaufort, SC, 29902 | $746,500
SHORT TERM RENTAL. ZONED FOR RESIDENTIAL & COMMERCIAL.
Prime Investment Opportunity in Historic Downtown Beaufort
Located in the vibrant heart of downtown Beaufort, the historic Clara Elizabeth Elliott home offers not only timeless Lowcountry charm but also tremendous income-producing potential. This beautifully renovated 105-year-old cottage is zoned T4-N for both residential and commercial use, making it fully eligible for short-term rentals, or office space for light commercial —a rare and valuable advantage in this coveted area. This corner lot has the rare opportunity to build a nice ADU. . large enough for a garage, or carriage house.
The main home boasts three bedrooms and three bathrooms, while the separate 1-bedroom, 1-bath apartment provides flexibility for dual rental i Fully updated in 2022/2023 the property features major improvements of all new electrical and plumbing systems, kitchens and bathroom cabinets and fixtures.
With walkability to shops, restaurants, and the waterfront, this location is ideal for both short-term vacationers and long-term tenants alike. Whether you're seeking a turnkey investment property or a primary residence with strong rental offsets, this downtown gem offers exceptional earning potential.
Rental history available upon request. Don't miss this opportunity to own a fully updated, income-generating piece of Beaufort's historic charm.
Features
- Rooms: 6
- Bedrooms: 4
- Baths: 4 full
- Lot Size: 60 x 120x 60x 120
- Development: Beaufort
- Year Built: 1915
- Garage: None
- Heating: Heat Pump
- Cooling: Heat Pump
- Basement: No
- Approx Sq. Feet: 2,076
- Acreage: 0.17
- Lot Size: 60 x 120x 60x 120
- Est. Taxes: $5,675
- Appliances: Cable TV/Available, Unfurnished, Washer
- MLS#: 190902
- Days on Market: 262 days
- Website: https://www.raveis.com
/prop/190902/1215princestreet_beaufort_sc?source=qrflyer
This information is deemed reliable, but not guaranteed. Neither the Lowcountry Regional MLS, nor the listing broker, nor their agents or subagents are responsible for the accuracy of the information. The buyer is for use by its members and is not intended for use for any other purpose. Source: LowCountry Regional MLSListing courtesy of BHHS Bay Street Realty Phone: 843-301-0013
William Raveis Family of Services
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.
Customer Service
888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
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- Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
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- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
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
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
1215 Prince Street, Beaufort, SC, 29902
$746,500
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $597,200 | $597,200 | $597,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 5.990% | 5.250% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.197% | 6.132% | 5.541% |
| Monthly Tax Payment | $473 | $473 | $473 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,391 | $3,577 | $4,801 |
| Total Monthly Payment | $3,956 | $4,142 | $5,366 |
* 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