Prime investment opportunity near PC! This fully renovated mixed-use property at 312 Veazie Street offers versatility for investors & entrepreneurs. The first floor, formerly McCormick's Pub, is ready for a new business with drafted build-out plans. The upper levels feature residential units: a 3-bedroom, 1-bath unit with a walk-out deck, & a spacious 7-bedroom, 2-bath townhouse, both featuring high-end finishes, including stainless steel appliances & quartz countertops. Situated on an 8,000+ sq. ft. lot with ample parking & a detached three-car garage, this property is ideal for student rentals or conversion to all-residential use. Conveniently located near downtown Providence, this asset promises substantial income potential & endless possibilities.
312 Veazie St, Providence, RI, 02904
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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