Introducing 8 Peckham Avenue, a charming and expansive two family home situated on a large lot in the desirable and convenient North End neighborhood. Set on a 6077 sqft deep lot, this multi-family property is located on a quiet, established street, just a short distance to downtown Newport and very close to the Newport Pell Bridge as well as the vibrant and expanding Naval Station Newport. The first and second floor units feature hardwood floors, high ceilings, and period details. With 2 bedrooms, a modern kitchen with granite countertops, a full bath, laundry area, and a cozy sunroom with built in twin bunk beds. The upper unit spans two levels with 4 bedrooms, 2 full baths, an eat-in kitchen, living room, and sun porches leading to the decks. The property boasts years of steady rental history, with strong mid-and long-term occupancy, offering flexible income opportunities, and/or comfortable owner occupancy. Parking is ample, with a driveway and space for 7+ vehicles in the rear. Outdoor amenities include a spacious front porch, secluded rear patio, and a mid-level deck perfect for year-round enjoyment. Schedule your private showing appointment today!
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$965,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $772,000 | $772,000 | $772,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.000% | 5.875% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.963% | 5.983% | 5.805% |
Monthly Tax Payment | $573 | $573 | $573 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,144 | $4,567 | $6,359 |
Total Monthly Payment | $4,809 | $5,232 | $7,024 |
* 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.