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Rare opportunity to own 7. 7 acres in Hollywood, SC with proven short term rental income and multiple unique accommodations. This sale includes both parcels TMS 162-00-00-208 and 162-00-00-250, offering privacy, flexibility, and future potential in a desirable Charleston County location. The property features a fully renovated 2 bedroom, 1 bathroom main home with approximately 800 square feet of living space. Updated in 2020, the home offers an open floor plan, spray foam insulation, high efficiency mini split HVAC, propane fireplace, and propane range and oven. The property currently operates as a successful short term rental destination with five total accommodations including the main house, two campers, one yurt, and a converted bus. The improvements provide a total of four full bathrooms with showers and multiple income producing opportunities. The property has generated approximately 80, 000 in annual gross income and approximately 65, 000 in annual net income. Existing accommodations and established rental history provide immediate income potential for investors or owner operators. Located approximately 30 minutes from Downtown Charleston and 30 minutes from Edisto Beach, the property offers convenient access to Johns Island, Kiawah Island, area boat landings, shopping, dining, and recreation while maintaining the privacy of country living. Highlights include 7. 7 acres, two included parcels, a renovated home, five rental accommodations, four full bathrooms, strong short term rental history, modern energy efficient upgrades, and room for future expansion. Whether seeking an income producing investment, private retreat, homestead, or a combination of all three, this unique property offers a rare opportunity to own acreage and an established short term rental business in the Charleston market.
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Our Executive Mortgage Banker:
$600,000
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 | $480,000 | $480,000 | $480,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.512% | 5.866% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,875 | $2,995 | $3,954 |
| Total Monthly Payment | $2,967 | $3,087 | $4,046 |
* 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.