1045 Seaside Lane, #Apt A & B, Charleston, SC, 29412 | $575,000

Welcome to 1045 Seaside Lane, an outstanding multifamily investment opportunity in the heart of highly desirable James Island. Whether you're looking to expand your investment portfolio, offset your mortgage with rental income, or secure a versatile property with multiple living options, this unique property offers exceptional flexibility and location value. Situated on a spacious lot with ample parking and yard space, the property features two standalone residences. Unit A offers 4 bedrooms (or 3 bedrooms with a flex room) and 2 bathrooms. Unit B includes 3 bedrooms and 2 bathrooms. There are multiple possibilities for long-term rentals, multigenerational living, owner-occupancy with supplemental income, or potential short-term rental opportunities (subject to local regulation). One of the standout features of this property is its unbeatable location. Take a stroll to Edison, a true local's favorite restaurant on the island. Enjoy easy access to some of the Charleston area's most sought-after destinations, including Melton Peter Demetre Park just 3 miles away, James Island County Park only 4 miles away, historic downtown Charleston approximately 4. 5 miles away, and the beaches and surf of Folly Beach just 7 miles from your doorstep. Properties offering this combination of income potential, flexibility, and prime James Island location are increasingly difficult to find. Don't miss the opportunity to own a rare multifamily property in one of the Charleston area's fastest-growing and most desirable markets.

Features

  • Bedrooms: 7
  • Units: 2
  • Laundry: Electric Dryer Hookup, Washer Hookup
  • Development: 21 - James Island
  • Year Built: 1960
  • Garage: 3-car
  • Heating: Central, Electric
  • Cooling: Central Air
  • Approx Sq. Feet: 1,981
  • Acreage: 0.23
  • Elem. School: Stiles Point
  • Middle School: Camp Road
  • High School: James Island Charter
  • MLS#: 26014519
  • Days on Market: 14 days
  • Website: https://www.raveis.com
    /prop/26014519/1045seasidelane_charleston_sc?source=qrflyer
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Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.
Listing courtesy of The Boulevard Company

William Raveis Family of Services

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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:

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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

Yokadi Mejia, William Raveis Insurance

561.335.7966

Yokadi.Mejia@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

1045 Seaside Lane, #Apt A & B, Charleston, SC, 29412

$575,000

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

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $460,000 $460,000 $460,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.875% 6.375% 5.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.324% 6.524% 5.846%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $2,721 $2,870 $3,789
Total Monthly Payment $2,813 $2,962 $3,881

* 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.