Prime Multifamily Development Opportunity in Greenville County Welcome to a lucrative investment opportunity in the heart of Greenville County – 5. 7 acres of strategically positioned land approved for the construction of 56 premium apartment units. This is your chance to capitalize on the growing demand for high-quality multifamily living in one of the most sought-after regions in South Carolina. **Features: ** **Location, Location, Location: ** Situated in a thriving community within Greenville County, this parcel of land enjoys proximity to major highways, employment centers, shopping districts, and hospitals. **Development Ready: ** With approvals secured for the construction of 56 apartment units, you can fast-track your development plans and capitalize on the robust demand for quality housing in the area. Zoning and permits are in place, streamlining the process for a seamless and efficient project. **Expansive Acreage: ** Spread across 5. 7 acres, this parcel offers ample space for thoughtful design and landscaping, creating an inviting and aesthetically pleasing community for your future tenants. **Designed for Success: ** The approved plans allow for the development of a modern, well-designed multifamily complex that meets the highest standards of contemporary living. Enjoy the flexibility to tailor the project to your vision. **Investment Potential: ** Greenville County is experiencing a surge in demand for high-quality rental housing. Take advantage of this market trend and secure your position as a prominent player in the local real estate market. This is a rare opportunity to scoop up prime real estate in the thriving Greenville County. Whether you're an experienced developer or an investor looking to diversify your portfolio, this multifamily land offers the perfect canvas for your next project. Don't miss out on this chance to make a mark in Greenville County's dynamic real estate scene. Contact us today for more details and to schedule a site visit.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,400,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 401.474.4879
Whitney.Rugg@raveis.com
NMLS Mortgage Loan Originator ID 7654
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,120,000 | $1,120,000 | $1,120,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.750% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.321% | 6.826% | 6.936% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,264 | $7,264 | $9,911 |
Total Monthly Payment | $7,389 | $7,389 | $10,036 |
* 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.