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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!
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Our Executive Mortgage Banker:
$309,900
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| 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.