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312 Veazie Street, Providence, RI, 02904 | $875,000
Prime Investment Opportunity Near PC! Located at 312 Veazie Street, this fully renovated mixed-use property is perfect for investors & entrepreneurs. The first floor, previously home to McCormick's Pub, is ready for a new business, with build-out plans available. This space is ideal for retail, bar or residential use. ** The property features updated heating, electrical and plumbing systems. The upper levels offer high-quality residential units. The second floor includes a three-bedroom, one-bathroom unit with a walk-out deck, stainless steel kitchen appliances, quartz countertops, & spacious bedrooms. The third & fourth floors comprise a townhouse-style unit with seven bedrooms & two full bathrooms, maintaining the same high-end finishes, ideal for student rentals. ** Situated on an 8, 000+-sf lot, the property provides ample parking & includes a detached three-car garage, offering additional income potential. A hydro-air gas heating system ensures efficient heating throughout the building. ** This property's prime location near PC & downtown Providence makes it highly attractive for various tenants, including students and professionals. Whether utilized as a mixed-use space or converted entirely to residential units, 312 Veazie Street offers substantial income potential. Truly a versatile property with endless possibilities!
Features
- Property Type: Commercial
- Permitted Use: Commercial,Multi-Family,Mixed Use,Office,Residential,Retail
- Construction: Frame
- Utilities: Natural Gas Available,Sewer Connected
- Parking: 10-car
- Amenities: Highway Access,Near Schools,Public Transportation,Recreation Area,Restaurant,Shopping
- Units: 2
- Zoning: R-3
- Year Built: 1920
- Est. Taxes: $9,828
- MLS#: 1372438
- Website: https://www.raveis.com
/prop/1372438/312veaziestreet_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
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
312 Veazie Street, Providence, RI, 02904
$875,000
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 | $700,000 | $700,000 | $700,000 |
| 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 | 6.902% | 6.486% | 6.056% |
| Monthly Tax Payment | $819 | $819 | $819 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,975 | $4,367 | $5,860 |
| Total Monthly Payment | $4,886 | $5,278 | $6,771 |
* 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