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5 Mountain Street, Providence, RI, 02903 | $1,295,000
Beautiful 6 unit Apartment building on The Federal Hill/ Downtown Providence Line. These apartments have unobstructed views of downtown providence and have very practical layouts. All 6 apartments are Identical. The roof was replaced around 5 years ago, along with all of the elctrical panels , and all 6 heating systems. The windows have been replaced. There is one common hallway from the front of the building that access all 6 apartments. The rear has two separate hallways servicing 3 apartments per hallway. There is a laundry room in the basement with coin operated laundry. There are two parking lots that come with this building, plenty of parking. This building directly abuts the 3 family house behind it which is also for sale by the same owner Please see MLS # 1368208 The Two Properties DO NOT have to be sold together, however you could build a nice little compound as the current owner has done. This property sits in the R-4 zone which is ripe for Air BNB if someone wanted to.
Features
- Property Type: Commercial
- Construction: Other
- Utilities: Sewer Connected
- Parking: 12-car
- Heating: Baseboard
- Cooling: None
- Amenities: Public Transportation
- Units: 6
- Zoning: R4
- Laundry: Common Area,Laundry Room
- Year Built: 1900
- Est. Taxes: $24,232
- MLS#: 1368212
- Website: https://www.raveis.com
/prop/1368212/5mountainstreet_providence_ri?source=qrflyer
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William Raveis Family of Services
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888.699.8876
Contact@raveis.com
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Whitney RuggVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 7654
401.474.4879
Whitney.Rugg@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Allen GellermanInsurance Sales Director, William Raveis Insurance
617.686.2668
Allen.Gellerman@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
5 Mountain Street, Providence, RI, 02903
$1,295,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Whitney Rugg
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $1,036,000 | $1,036,000 | $1,036,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.821% | 6.474% | 6.036% |
| Monthly Tax Payment | $2,019 | $2,019 | $2,019 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,882 | $6,463 | $8,673 |
| Total Monthly Payment | $8,026 | $8,607 | $10,817 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB