|
Welcome to 265 Coming Street - Unit B, a rare, turnkey investment opportunity in the heart of Downtown Charleston featuring a newly built, architecturally refined luxury residence with long-term, secured income already in place. Unit B is fully leased from 2024 through May 2027 at $8, 100 per month, delivering strong, stabilized cash flow with zero vacancy since construction. The lease includes built-in annual rent increases of $100 per bedroom, providing predictable income growth and long-term financial stability. The current tenant has committed to the full multi-year lease term, offering exceptional security rarely found in Downtown Charleston's rental market. Constructed in 2024 by Old City Builders, one of Charleston's most respected high-end historic builders, Unit B blends enduring craftsmanship with modern efficiency. Designed to complement the surrounding historic fabric, the home reflects a commitment to quality construction, longevity, and thoughtful architectural detail. The interior was curated by Studio Maman Interiors, whose refined, architectural approach elevates the space well beyond typical long-term rentals. Carefully selected finishes, a balanced material palette, and attention to scale create an elevated living experience more commonly associated with luxury primary residences. Situated on an X Flood Zone lot (no flood insurance required), Unit B is a three-story, single-family detached residence offering dedicated off-street parking, modern systems, and durable construction ideal for long-term tenancy. Zoned DR-2F, the property benefits from efficient land use and long-term flexibility. 265 Coming Street, Unit B represents a rare convergence of modern construction, secure income, architectural integrity, and design-forward execution. With a long-term lease in place through 2027, annual rent escalations, and a proven history of zero vacancy, Unit B offers an exceptional opportunity for investors seeking a stabilized, low-maintenance asset in one of Charleston's most desirable urban corridors.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$1,625,000
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
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $1,300,000 | $1,300,000 | $1,300,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.000% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.251% | 6.110% | 6.097% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $7,586 | $7,794 | $10,883 |
| Total Monthly Payment | $7,711 | $7,919 | $11,008 |
* 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.