This five unit residential property consists of two buildings on West Main Rd. in Middletown with convenient access to the Navy Base, Raytheon, marina district, and Newport. Four of the units feature two bedrooms and one bathroom and one of the units is a one bedroom, one bath unit. Four of the apartments are currently leased and move-in ready and one unit is vacant and ready to customize. The nearly half acre lot offers ample parking, and two outdoor spaces for occupants to enjoy. Each unit is separately metered for all utilities.
Heating:
Baseboard, Gas, Hot Water, Zoned
Utilities
Cable Available,Electricity Available,Natural Gas Available,Natural Gas Connected,Municipal Utilities,Phone Available,Water Connected
Amenities:
Highway Access, Marina, Near Hospital, Public Transportation, Restaurant, Shopping, High Traffic Location
1704 West Main Road, Middletown, RI, 02842
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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