Welcome to 1008 Florida Avenue, an incredible opportunity to own one of three meticulously crafted new construction homes on Florida Avenue in Spartanburg! This home offers the rare advantage of a qualified tenant already in place with a one-year lease, making it an ideal investment opportunity. This thoughtfully designed home offers 3 bedrooms, 2. 5 bathrooms, and just under 1, 400 square feet of living space. The open floor plan showcases luxury vinyl plank flooring, granite countertops, stainless steel appliances, and contemporary modern finishes throughout. The main floor includes a spacious living and dining area that flows seamlessly into the kitchen, complete with a pantry for added storage. A convenient powder room, coat closet and walk-in laundry room are located just off the kitchen. Step out onto the back porch to enjoy the OVERSIZED, fully fenced, flat backyard—perfect for relaxation or entertaining. Upstairs, the primary suite and ensuite bathroom feature dual vanities, a walk-in shower, and a walk-in closet. The additional bedrooms, equipped with LVT flooring and ceiling fans, share a beautifully appointed hall bathroom. Conveniently situated just outside the city limits, this home is only minutes from Spartanburg Medical Center, Cleveland Park, and Wofford College, with easy access to major highways. Its prime location also makes it an excellent option for short-term rentals like Airbnb, presenting outstanding income potential. Don’t miss your chance to own this exceptional new home!
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Our Executive Mortgage Banker:
Our Insurance Division:
$275,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $220,000 | $220,000 | $220,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.508% | 7.171% | 6.392% |
Monthly Tax Payment | $59 | $59 | $59 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,501 | $1,462 | $1,871 |
Total Monthly Payment | $1,635 | $1,596 | $2,005 |
* 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.