DEVELOPMENT OPPORTUNITY in Downtown Greenville! The City of Greenville Design and Review Board has approved the development of 4 LUXURY TOWNHOMES! The street facing building will have 2 units with carport parking, 2 spaces for each unit, designed with approximately 2550 total heated sq ft for each unit. Both back units are approved with 2 car garages, and approximately 2600 total heated sq ft for each unit. Sewer and Water availability has been confirmed with utility providers. The lot is currently being leased for surface parking and the tenant has been made aware of the project. The lease may be assigned to purchaser at closing. The location is PRIME- 2 and half blocks from Flour Field, and a few blocks up Rhett St the new Trueline music venue is under construction. This property has tons of upside- with proposed new construction projects in the pipeline nearby including the MOSAIC mixed use project with apartments and commercial space along with the Brixton Hall Hotel- a 92-room boutique hotel located on Pendleton St. The MXS3 zoning allows for lodging/short term rentals. Architectural and engineering firm partners are prepared to move forward towards obtaining LDP and building permits timely so that you can break ground Spring 2025!
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,485,000
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 | $1,188,000 | $1,188,000 | $1,188,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.500% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.296% | 6.622% | 6.680% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,705 | $7,509 | $10,349 |
Total Monthly Payment | $7,830 | $7,634 | $10,474 |
* 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.