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Located in the heart of Greer, South Carolina, the combined commercial properties at 2207 Racing Rd and 699 Arlington Rd present an exceptional opportunity for investors seeking a value-add project. These two parcels, being sold together and not separately, are situated directly across from the Apalache Mill Lofts, a residential community housed in a converted mill building, and are surrounded by the Mill Village. Once the general store and office for one of the oldest textile mills in the Upstate, these properties provide a unique connection to the area’s industrial past. The properties benefit from high visibility with approximately 9, 500 vehicles passing by daily, as reported by the South Carolina Department of Transportation, making it an ideal location for retail, dining, or office space. Additionally, the properties are just 1. 5 miles from the vibrant downtown Greer, providing easy access to local businesses, events, and amenities. The owner is actively moving through the renovation process, and as each milestone is reached, the price will increase. Now is the perfect time to invest at the ground level before costs rise. Don’t miss out on this chance to invest in a property with cultural significance in this historic mill district—seize this value-add opportunity before prices rise. Parcel ID#s: 9-03-03-002. 00 & 9-03-03-004. 00.
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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 | $340,000 | $340,000 | $340,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.875% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.995% | 7.037% | 6.066% |
Monthly Tax Payment | $330 | $330 | $330 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,121 | $2,234 | $2,823 |
Total Monthly Payment | $2,526 | $2,639 | $3,228 |
* 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.