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196 Mcarthur Street, Spartanburg, SC, 29302 | $159,864
Income-Generating Duplex with One Rented Unit – Investment Opportunity! Here’s your chance to invest in a property with immediate cash flow! One unit is already rented, providing instant income, while the second unit is ready for updates—rent it out, live in it, or renovate to maximize returns. This duplex is solid, offering the perfect opportunity for an investor or handy homeowner to add value. Located in a convenient area with access to shopping, dining, and major commutes, it combines location and income potential in one package. One side is currently rented for $900, the other is vacant currently. . that's why it was the right time to put it on the market. Total Rent - $1800 typically. Solid 1% opportunity! Current Price is As-Is price. Take advantage of this opportunity to grow your portfolio with a rare "1% rule" property in the Upstate (ask your agent for financials) and boost your rental income—schedule a showing today! *Agent is Owner*
Features
- Amenities: None
- Bedrooms: 4
- Baths: 2 full
- Units: 2
- Year Built: 1976
- Heating: Electric
- Cooling: Electric
- Acreage: 0.51
- Est. Taxes: $3,646
- Elem. School: Ep Todd
- Middle School: Ep Todd
- High School: Spartanburg
- Appliances: Electric Water Heater
- MLS#: 1583864
- Days on Market: 81 days
- Website: https://www.raveis.com
/prop/1583864/196mcarthurstreet_spartanburg_sc?source=qrflyer
Listing courtesy of The Haro Group @ Keller Williams Historic District Phone: 864-670-5478
William Raveis Family of Services
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.
Customer Service
888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
- Place up to 20+ photos of your home on our website, raveis.com
- Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
- Showcase your home on raveis.com with a larger and more prominent format
- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
196 Mcarthur Street, Spartanburg, SC, 29302
$159,864
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Melissa Cohn
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 |
|
|---|---|---|---|
| Loan Amount | $127,891 | $127,891 | $127,891 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.474% | 6.640% | 5.972% |
| Monthly Tax Payment | $304 | $304 | $304 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $787 | $808 | $1,062 |
| Total Monthly Payment | $1,166 | $1,187 | $1,441 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484