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1497 Remount Road, North Charleston, SC, 29406 | $775,000
Investor Opportunity: High Cash Flow + Future Expansion Potential. BRING AN OFFER! -This is your chance to secure a lucrative, income-generating property in North Charleston, SC! Located at 1497 Remount Road, this property already offers 4 fully-renovated, short-term rental units, producing $8, 000/month in consistent cash flow. But that's just the beginning - with Hotel/Motel Licensing in place and approval to build 29 additional units, this property has significant upside potential for future growth. -Key Features: 4 existing cash-flowing units currently averaging $8, 000/month in Short Term Rental income. Hotel/Motel License allowing all 4 units to operate as legal short-term rentals. 29-unit expansion approval - grow the property and maximize your investment. Fully furnished units - all furnishings convey with an acceptable offer. Renovated, tastefully decorated spaces, providing a perfect blend of comfort and convenience for guests. Common area available for co-working space - increasing appeal for both leisure and business travelers. Located in North Charleston, just minutes from local attractions, businesses, and major highways, this property offers a turnkey solution for savvy investors. Whether you continue to grow your short-term rental portfolio or expand the property with additional units, the potential for ROI is substantial. Don't miss out on this highly-profitable opportunity with the ability to scale. Act fast before it's gone!
Features
- Amenities: Bus Line
- Bedrooms: 4
- Units: 4
- Development: 32 - N.Charleston, Summerville, Ladson, Outside I-526
- Year Built: 1975
- Heating: Heat Pump, See Remarks
- Cooling: Other
- Approx Sq. Feet: 1,770
- Acreage: 0.43
- Elem. School: Matilda Dunston
- Middle School: Morningside
- High School: North Charleston
- MLS#: 25007505
- Days on Market: 44 days
- Website: https://www.raveis.com
/prop/25007505/1497remountroad_northcharleston_sc?source=qrflyer
Listing courtesy of Maven Realty
William Raveis Family of Services
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888.699.8876
Contact@raveis.com
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Paul BerriosRegional SVP, Insurance Sales Producer, William Raveis Insurance
978-337-3053
Paul.Berrios@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
1497 Remount Road, North Charleston, SC, 29406
$775,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $620,000 | $620,000 | $620,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.375% | 6.875% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.995% | 7.050% | 6.112% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,868 | $4,073 | $5,190 |
| Total Monthly Payment | $3,960 | $4,165 | $5,282 |
* 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