Great price on this all brick duplex in Spartanburg! One side is vacant, making this a great opportunity for a personal residence with income! Each unit has two bedrooms, one bath. Unit 1 (on left): updated kitchen and bath. Hardwood flooring in living room, dining area and bedrooms. Ceramic tile in kitchen, newer cabinets and appliances. Ceramic tile, newer vanity and toilet in bathroom. Outside Storage closet. Unit 1 (left side) is recently vacant. Estimated rental amount $1, 200-$1, 400. Unit 2 (on right): newer floors in living room, dining area and carpet in bedrooms. Vinyl in kitchen. Ceramic tile in bathroom. Outside Storage closet. Rent $650, tenant has lived here many years, lease ends May 2025. Roof declared to be 2015 by previous owner, HVAC units 2014 and 2016. Both septic tanks pumped January 2024. Unit 2 had new drain lines and a new clean out installed also. Separate water and power meters for each property. NO SIGN. DO NOT DISTURB TENANT. DO NOT ENTER PROPERTY WITHOUT A SCHEDULED SHOWING.
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William Raveis Real Estate
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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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $188,000 | $188,000 | $188,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.655% | 7.146% | 6.276% |
Monthly Tax Payment | $263 | $263 | $263 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,282 | $1,250 | $1,585 |
Total Monthly Payment | $1,620 | $1,588 | $1,923 |
* 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.