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Multi-Use Property on Lake Marion, Residential + Commercial Opportunity. Discover a rare mixed-use, income-producing property directly across from Lake Marion -- ideal for an investor or owner-occupant seeking the perfect live/work opportunity. Situated on approximately two acres with excellent visibility and proximity to the lake, 10841 Highway 260 combines a fully renovated 4-bedroom, 2-bath main home, a 300 sq. ft studio guest cottage, a 1, 724 sq. ft warehouse, a 522 sq. ft warehouse, and 54 covered boat storage units. This diverse property offers multiple income streams and turnkey potential in one of the area's most desirable recreational corridors. Both the main home and guest cottage are currently operating as successful short-term rentals, and the seller is willing to convey themfully furnished, allowing the new owner to generate immediate income from day one. The two warehouses have been thoughtfully upgraded with new lighting, electrical, and plumbing, providing flexible options for marine services, equipment storage, light industrial use, or third-party leasing. Additionally, the 54 covered boat storage units create a stable, low-maintenance revenue stream a highly sought-after asset in this lakeside market. Beyond its multiple income opportunities, the property has benefited from significant structural and system updates designed to reduce near-term expenses and enhance long-term value. Improvements include electrical and plumbing upgrades, HVAC updates, enhanced lighting in commercial spaces, and site enhancements to accommodate parking and yard use. Together, these upgrades create a solid operational foundation for future growth. For investors, this property presents the chance to acquire a turnkey, diversified portfolio in one location. For owner-occupants, it offers the ability to live in the main residence while generating passive income from the other units and storage facilities. The strong local demand for both short-term rentals and covered boat storage further increases its investment appeal. Located directly across from Lake Marion and just minutes from downtown Manning, the property provides convenience for guests, boaters, and commercial tenants alike. Its prime visibility along Highway 260 and flexible zoning make it an excellent fit for a range of residential and commercial uses tied to the lake economy. This is a unique opportunity to own a cohesive, income-producing live/work property with immediate cash flow, long-term growth potential, and turnkey readiness. Contact us for rental performance details, occupancy history, and furnished inventory for a seamless transition to ownership.
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Our Executive Mortgage Banker:
$995,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $796,000 | $796,000 | $796,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.000% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.241% | 6.110% | 5.972% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,520 | $4,772 | $6,610 |
| Total Monthly Payment | $4,612 | $4,864 | $6,702 |
* 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.