Charming 2-unit home for sale in Providence, RI! Each unit is spacious and features 2 bedrooms, 1 full bath, and 1 half bath, making it ideal for both owner-occupants and investors looking for a versatile property. The home is well-maintained and filled with natural light, thanks to numerous windows throughout, creating a bright and welcoming atmosphere in every room. The property boasts a classic front covered porch, perfect for relaxing and enjoying the neighborhood's ambiance. With 4 off-street parking spots, there is ample parking for residents and guests, a valuable feature in a city setting. The units are currently vacant, providing a blank canvas for new owners to make their mark. Located in a desirable area of Providence, this home is close to local amenities, schools, and major highways, offering convenience and accessibility. Whether you're looking to invest or find your next home, this property offers plenty of potential. Don't miss out!
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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 | $420,000 | $420,000 | $420,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.125% | 4.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.483% | 6.273% | 5.268% |
Monthly Tax Payment | $521 | $521 | $521 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,552 | $2,552 | $3,319 |
Total Monthly Payment | $3,165 | $3,165 | $3,932 |
* 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.