1191 Mosstree Rd, North Charleston, SC 29405

THIS INFORMATION IS DEEMED RELIABLE BUT IS NOT GUARANTEED, IT CAN CHANGE AT ANY TIME DUE TO THE NATURE OF MULTI UNIT PROPERTIES. THIS IS A ONE OWNER PROPERTY SOLD COMPLETELY AS-IS AND IS LOCATED IN THE RAPIDLY DEVELOPING PARK CIRCLE AREA IN NORTH CHARLESTON, SC. IT INCLUDES TMS #S 4700700148 AND 4700600105. THE 10 UNIT PROPERTY (WHICH IS 1207 MOSSTREE) CONSISTS OF 2 DUPLEXES AND ONE SIXPLEX. ONE OF THE RECENT DUPLEXES HAD A RECENT FIRE AND IS UNINHABITABLE. THE OTHER 8 UNITS ARE IN GOOD CONDITION. 1191 MOSSTREE IS AN 11 UNIT BUILDING CONSISTING OF A SIXPLEX, A DUPLEX AND A TRI-PLEX (ONE OF THE TRIPLEX UNITS IS AN EFFICIENCY APT). IN THIS SAME BUILDING IS A 102 YEAR OLD WOMAN WHO HAS A LIFELONG DEED WHICH BRINGS IN $0 IN INCOME AND WILL REMAIN THAT WAY FOR THE REST OF THE TENANTS LIFE. SHE IS NOT RESPONSIBLE FOR PAYING ANY WATER BILLS ETC. IN THE FUTURE. SELLER WILL ONLY SELL WITH AN OWNER FINANCING ARRANGEMENT OF $100,000 DOWN AND A SIX(6%) RATE FOR A PERIOD OF 15 YEARS. (EXPLICIT FINANCING TERMS TO BE MUTUALLY AGREEABLE TO BUYER AND SELLER) GROSS RENTS ARE $5060 PER MONTH (ANNUAL $60720.00), SELLER PAYS WATER AVERAGING $400 PER MONTH, INSURANCE IS $6837.00 PER YEAR ? TAXES WERE $6982 FOR 2002 AND SELLER PAYS COMMON AREA POWER AT $50/MONTH. THOUGH THERE ARE 21 UNITS, THE LISTING AGENT PRICED IT AS HAVING ONLY 19 DUE TO THE TWO FIRE DAMAGED UNITS AT $23,684 PER UNIT.