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Seller will consider pricing incentives for clean, non-seller-financed transactions with strong terms. The property features three 2-bedroom, 1-bath units and three 3-bedroom, 1. 5-bath units, each thoughtfully designed with modern finishes, updated layouts, and functional living spaces. Extensive (full gut) renovations include full cosmetic rehab, framing for unit conversion, new landscaping and tree work, and the addition of separate metering, new electrical/plumbing, windows, new designated HVAC units, and small fenced privacy areas for tenants to enjoy. Roofs were all recently redone as well! Perfectly located less than 15 minutes from Charleston International Airport, 20 minutes to Sullivan's Island, and 30 minutes to Folly Beach, this property provides unmatched accessibility to major highways, top employers, and some of Charleston's most desirable destinations. A brand-new community center has also just opened right down the street, offering residents convenient access to local programs, recreation, and community events. Whether you're seeking strong rental income, long-term appreciation potential, or a foothold in one of Charleston's most dynamic markets, 2023 Clements Ave presents a rare opportunity to acquire a fully renovated, six unit multifamily property in a prime location and in an opportunity zone. Some seller finance may be considered with an acceptable offer.
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Our Executive Mortgage Banker:
$1,130,000
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 | $904,000 | $904,000 | $904,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.125% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.350% | 6.259% | 6.183% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,420 | $5,493 | $7,628 |
| Total Monthly Payment | $5,545 | $5,618 | $7,753 |
* 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.