Come check out this GREAT investment opportunity located just 15 minutes from Downtown Greenville. This mobile home park sits on a quiet street just minutes from White Horse Rd area. Mobile home park has been previously approved for up to 8 units (3 currently sit on the property). Unit 1 sits the closest to the entrance. It is a 1 bd/1ba with 800 sqft built in 1990. This unit is currently uninhabitable but would be great for a fix up. Unit 2 is the middle unit and is currently rented for $950. It is a 2bd/2ba with 1100 sqft and also built in 1990. This unit had been updated and has newer plumbing and HVAC. Rent for this unit could be higher but the tenant was very good so the price has been left alone. Unit 3 is a 2 bd/2ba with 1100 sqft built in 1978. If interested, a drive by is approved but there are tenants in place and they will be left alone. There are several septic tanks on the property but the owner is unsure how many are actually there. The next property over has sewer and a possibility of being able to get city sewer if desired.
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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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $159,920 | $159,920 | $159,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.300% | 6.778% | 6.034% |
Monthly Tax Payment | $93 | $93 | $93 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,037 | $1,024 | $1,328 |
Total Monthly Payment | $1,205 | $1,192 | $1,496 |
* 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.