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Welcome to the incredible combination of location, lifestyle and income in a contemporary townhouse in historic downtown Charleston. For investors, 22A Corinne is a turnkey source of immediate cash flow, with minimal vacancy risk and virtually no turnover costs. Whether it is a 1031 exchange, portfolio addition, or first-time investor, this stable, income-producing property is a perfect opportunity. Located in the heart of downtown, this 3 bed/2. 5 bath property is highlighted by 3 balconies and a 2 car garage, and has been steadily rented in a high demand, low supply area. It's location is second to none, with an easy walk to MUSC, College of Charleston, the Citadel, and upper King Streets dining and nightlife. For the parent of a future student (MUSC, CofC, Citadel), 22A Corinne is an opportunity to own your student's housing: buy now, secure future housing in a high demand area, let your child take the primary suite and let roommates pay the mortgage. For a second home owner, lock in your Charleston lifestyle now and collect income until you're ready to relocate to this property near King Street and in the center of Charleston action. Unit is presently occupied by 3 seniors at College of Charleston, leased to new tenants through June 30, 2026. Leases transfer to Buyer. Seller holds security deposit and last months rent. Tenants pay all utilities. Features: 1st Floor - living area, kitchen with island & dining area, ½ bath, balcony 2nd Floor - 2 bedrooms, full bath, laundry closet with stacked washer/dryer, balcony 3rd Floor - master bedroom, full bath, patio Garage level - tandem spaces for 2 vehicles, room for storage, crawl space
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William Raveis Real Estate
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $759,200 | $759,200 | $759,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.625% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.861% | 6.727% | 6.560% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,613 | $4,861 | $6,561 |
Total Monthly Payment | $4,705 | $4,953 | $6,653 |
* 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.