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Additional information in attached flyer, including Rent-Roll, TTM, Proforma, and additional property information. Property is a 12 unit apartment building. Excellent turn-key opportunity. Fully renovated, stabilized and occupied with in place management able to stay on board with below market rates. Conveniently located to Greenville’s downtown, I-85 and local amenities. Current landlord has been able to achieve strong rents and occupancy. Additional sources of income include internet service provided by Spectrum, resident benefit package by Second Nature, and pet rent. Potential upside for new owner by increasing rent at renewals, adding storage and increasing internet fees and resident benefit package fees. Greenville, SC has won numerous awards for its quality of life and stunning downtown including #4 Best Place to Live by US News and World Report. Renovation List: Exterior: -Replumbed entire building with PEX -Replaced all windows and shutters -Replaced roof with architectural shingle roof -Painted exterior brick -Installed new landscaping Common Areas: -Seal coated parking lot and restriped -Added dog park -Added grilling area, fire pit and covered tables -Added dumpster enclosure Interior: -New granite countertops -New cabinets -Added tile backsplash -New stainless-steel appliances -Added new washer / dryers -New light fixtures -Painted all units
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,960,000 | $1,960,000 | $1,960,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.500% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.848% | 6.613% | 6.560% |
Monthly Tax Payment | $2,307 | $2,307 | $2,307 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $11,909 | $12,389 | $16,939 |
Total Monthly Payment | $14,341 | $14,821 | $19,371 |
* 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.