606 Highway 29 Bypass, Anderson, SC, 29621 | $309,900

Back On Market at No Fault of Seller. Full inspection reports, seller repairs made and appraisals over asking price available for buyer review. Seller made repairs and has provided a thorough report with photos verifying repair completion. All contingencies met! 3 out of the 4 units are currently leased. This well-maintained four-unit property is an exceptional investment opportunity. This property consists of a spacious triplex and a separate single-unit home, all situated on just over half an acre. The property features a triplex with three units consisting of (two) 2-bedroom/1 bath units and (one) 1-bedroom/1 bath, and a (one) 1 bedroom/1 bath cottage stand alone unit offering a versatile rental mix. The triplex boasts a brand-new roof, while the single-unit home features a three-year-old roof. Both buildings have been thoughtfully updated with new flooring, countertops, cabinets, fixtures, fans, and toilets. Additional improvements include new gutters and gutter guards for low-maintenance upkeep. Major systems are in excellent condition, with all HVAC units less than three years old. The sewer mainline was replaced in 2023, offering peace of mind for future owners. The property is also protected under a Centricon termite bond. Perfect for investors seeking immediate rental income with minimal maintenance needs. The 1/1 cottage stand alone is currently leased for $855. 00 a month plus water reimbursement to owner. Average water cost is approximately $22. 00 a head with additional fees of approximately $58. 00 per month for capital, sanitation, storm water, and base fees. Remaining unit is currently being marketed for infill. Applications with background checks and employment verification currently under review. Seller reserves the right to continue marketing vacant units for lease and accepting applicants for infilling until closing occurs unless purchaser has a written contract with seller and agrees to a non-refundable deposit of $1, 500 to pause the infilling process. All leases will transfer to the new owner with a written addendum in conjunction with a signed contract. Convenient location to Anderson University and Downtown Anderson. Don’t miss this incredible opportunity — schedule your showing today!

Features

  • Baths: 6 full
  • Units: 4
  • Lot Size: 26,470.5
  • Style: Fourplex
  • Development: 111-Anderson County,SC
  • Year Built: 1979
  • Heating: Central,Electric,Individual
  • Cooling: Central Air,Electric
  • Basement: Crawl Space
  • Acreage: 0.6
  • Lot Size: 26,470.5
  • Lot Desc: City Lot,Subdivision
  • Elem. School: Nevittforest El
  • Middle School: Glenview Middle
  • High School: Tl Hanna High
  • Appliances: Oven,Range,Water Heater
  • Lease Term Type: 12 Months
  • MLS#: 20292195
  • Days on Market: 146 days
  • Website: https://www.raveis.com
    /prop/20292195/606highway29bypass_anderson_sc?source=qrflyer
The data relating to real estate for sale on this Web site comes in part from the Broker Reciprocity Program of the Western Upstate Association of REALTORS®, Inc. and the Western Upstate Multiple Listing Service, Inc This information is deemed reliable, but not guaranteed. Neither, the Western Upstate Association of REALTORS®, Inc. or Western Upstate Multiple Listing Service of South Carolina, Inc., nor the listing broker, nor their agents or subagents are responsible for the accuracy of the information. The buyer is responsible for verifying all information. This information is provided by the Western Upstate Association of REALTORS®, Inc. and Western Upstate Multiple Listing Service of South Carolina, Inc. for use by its members and is not intended for the use for any other purpose.
Listing courtesy of BHHS C Dan Joyner - Anderson   Phone: 864-226-8100

William Raveis Family of Services

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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:

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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

606 Highway 29 Bypass, Anderson, SC, 29621

$309,900

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 $247,920 $247,920 $247,920
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 6.000% 5.250%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.209% 6.178% 5.541%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $1,408 $1,486 $1,993
Total Monthly Payment $1,483 $1,561 $2,068

* 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.