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110 Timber Lane, Summerville, SC, 29485 | $690,000
Welcome to 110 Timber Lane, a well-maintained quadplex offering a rare investment opportunity in one of Summerville's most desirable and convenient locations. Featuring four thoughtfully designed 2-bedroom, 1. 5-bath units, this versatile property is ideal for investors, house hackers, or anyone seeking a strong addition to their rental portfolio. Whether you're looking to maximize cash flow or live in one unit while leasing the others, this property offers flexibility and potential. The four units are currently leased, with the following monthly rents: Unit A: $1, 300, Unit B: $1, 300, Unit C: $1, 200 and Unit D: $1, 300. The total gross monthly rental income is $5, 100, offering immediate income potential from day one. Located just minutes from historic downtown Summerville, these townhomesenjoy easy access to local shopping, dining, and entertainment, as well as highly rated Dorchester District Two schools. Commuting is a breeze with close proximity to Highway 78 and I-26, putting you within easy reach of Charleston, Boeing, Volvo, and Joint Base Charleston. Enjoy nearby parks, walking trails, and the natural beauty that makes Summerville one of the Lowcountry's most beloved communities. Seller is selling AS-IS.
Features
- Bedrooms: 8
- Units: 4
- Laundry: Electric Dryer Hookup, Washer Hookup
- Development: 62 - Summerville/Ladson/Ravenel to Hwy 165
- Year Built: 1978
- Heating: Central
- Cooling: Central Air
- Approx Sq. Feet: 3,988
- Acreage: 0.22
- Elem. School: Flowertown
- Middle School: Gregg
- High School: Ashley Ridge
- MLS#: 25019081
- Days on Market: 188 days
- Website: https://www.raveis.com
/prop/25019081/110timberlane_summerville_sc?source=qrflyer
Listing courtesy of Carolina One Real Estate
William Raveis Family of Services
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Customer Service
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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110 Timber Lane, Summerville, SC, 29485
$690,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $552,000 | $552,000 | $552,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 5.990% | 5.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.322% | 6.156% | 5.415% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,178 | $3,306 | $4,401 |
| Total Monthly Payment | $3,270 | $3,398 | $4,493 |
* 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