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Investor opportunity in one of North Charleston's fastest-growing redevelopment corridors. Located just blocks from the former Charleston Navy Base and adjacent to the historic Naval Hospital district, 3436 Osceola Street sits in the heart of an area undergoing massive transformation with the continued expansion of Navy Yard Charleston and Battery Park. Major mixed-use redevelopment plans nearby include new residential communities, office space, restaurants, retail, parks, and entertainment venues, all helping fuel continued investment throughout the surrounding area. Originally built in 1929 as a stately single-family residence and later converted into a quadplex, this property offers significant upside potential for investors, renovators, or those looking to reposition an asset in arapidly evolving location. Units are vacant and ready for investor to come in and either renovate or re-lease as-is. New roof installed in 2018. The property is being sold strictly as-is and will require improvements, but the value here is the location, historical character, and long-term growth surrounding the former Navy Base redevelopment and Park Circle corridor. New sidewalks line both sides of Osceola Street, further contributing to the area's ongoing revitalization. Rare chance to secure a multi-unit property in an area seeing substantial public and private investment just minutes from Park Circle, Riverfront Park, Downtown Charleston, and the Cooper River waterfront.
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.
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To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
$599,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $479,200 | $479,200 | $479,200 |
| 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 | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,951 | $3,026 | $3,979 |
| Total Monthly Payment | $3,043 | $3,118 | $4,071 |
* 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.