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Presented by
Gretchen Eggers |
Rarely does a multifamily opportunity like this become available in West Ashley, 29407. This duplex with A HUGE LOT, is in good condition, and has seen multiple recent improvements, making it an ideal option for both investors and owner-occupants looking for flexibility and long-term upside. TREMENDOUS OPPORTUNITY. The setting is hard to beat, tucked in one of Charleston's most convenient areas with quick access to Downtown Charleston, I-526, I-26, and the everyday conveniences that make West Ashley so desirable. From this address, you're just minutes to the shops, restaurants, and local favorites throughout Avondale, including popular coffee spots, wine bars, studios, and nightlife. This property is just a stone's throw from the West Ashley Bikeway, Mulberry Food Forest and Greenway, offering miles of walking and biking right nearby. Daily errands are effortless with Whole Foods, Harris Teeter, Starbucks, and multiple grocery options and retail centers just around the corner, plus a short drive puts you at Charleston's beaches and coastal destinations. Each unit features a practical and spacious layout with two bedrooms and one full bathroom, along with well-designed floor plans that appeal to tenants. The kitchens offer a clean, functional setup with select newer appliances, and both residences provide comfortable living spaces that have been maintained with care. One of the most compelling features is the oversized lot with a significant portion still open and unused. This creates a meaningful value-add opportunity and the potential for future expansion, including the possibility of adding another structure or additional unit(s). Whether your goal is to hold as a long-term rental, improve and increase income over time, or explore development potential, this property offers options that are increasingly difficult to find this close to the city. No HOA adds even more freedom ideal for storing a boat, work trailer, or recreational equipment. Multifamily properties in this location do not come to market often. Schedule your showing and take advantage of a standout opportunity in one of Charleston's most accessible neighborhoods.
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$339,000
Sales Associate
William Raveis Real Estate
Phone: 617.921.5887
Gretchen.Eggers@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 508.335.8179
Michael.Cartier@raveis.com
NMLS Mortgage Loan Originator ID 1017266
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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 | $271,200 | $271,200 | $271,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 6.625% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.133% | 6.739% | 5.952% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,561 | $1,737 | $2,252 |
| Total Monthly Payment | $1,636 | $1,812 | $2,327 |
* 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.