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401 S Cherry Street, Seneca, SC, 29678 | $749,000
Modern Quadplex in Prime Location! Excellent opportunity with this newly renovated quadplex conveniently located just minutes from downtown and the popular Ram Cat Alley. Each spacious unit features 2 bedrooms and 1 bathroom with a functional layout that includes a comfortable living room, updated kitchen, newly renovated tile bathroom, and all kitchen appliances included. Units also offer washer and dryer hookups, individual heating and air systems, and modern finishes throughout for low-maintenance ownership and strong tenant appeal. Two units are currently occupied, while the two available units have the potential to generate $1, 200 per month each, offering immediate income potential and future cash flow opportunities. This property combines updated interiors with a highly desirable location near dining, shopping, entertainment, and major employers, making it an ideal addition to any investment portfolio. Strong rental potential with separately controlled utilities and turnkey improvements already completed.
Features
- Units: 4
- Style: Fourplex
- Development: 207-Oconee County,SC
- Year Built: 1968
- Heating: Central,Electric,Individual
- Cooling: Central Air,Electric
- Acreage: 0.5
- Lot Desc: City Lot,Not In Subdivision
- Elem. School: Blue Ridge Elementary
- Middle School: Seneca Middle
- High School: Seneca High
- Appliances: Dishwasher,Microwave,Oven,Range,Refrigerator
- Lease Term Type: Negotiable
- MLS#: 20301236
- Days on Market: 10 days
- Website: https://www.raveis.com
/prop/20301236/401scherrystreet_seneca_sc?source=qrflyer
Listing courtesy of Clardy Real Estate - Lake Keowee Phone: (864) 882-4864
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
401 S Cherry Street, Seneca, SC, 29678
$749,000
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 | $599,200 | $599,200 | $599,200 |
| 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 | $3,689 | $3,783 | $4,976 |
| Total Monthly Payment | $3,781 | $3,875 | $5,068 |
* 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