Incredible 4 unit property available! Boasts 3 residential units and 1 commercial space. Features NEW updates such as: New roof with 12-year warranty and new exterior staircase. New top-vent natural gas wall heater and 2 supplemental electric baseboard heaters for the 3rd unit. 2nd unit has undergone a total transformation and features modern amenities and finishes such as custom sliding pocket doors, black pearl granite countertops, LVT flooring, new walls, plaster, and paint. Equipped with stunning stainless steel appliances, custom glass shower, low flow eco toilet, and beautiful fixtures. Additionally, 3 brand new supplemental efficient electric baseboard heaters have been installed. Unit 2R includes brand new gas fired wall mounted space heater along with granite countertops and LTV flooring as well. Finally, the first unit features new half bathroom, new mini-split providing heating/cooling, plumbing for a kitchenette, and fresh paint. A large, wall-mounted "architectural style drafting table" desk is included in a private office, meanwhile the rest of this unit has an open concept perfect for various businesses. Residential Units are now in full compliance with new 2024 RI Rental Registry and Department of Health Lead Law Regulations. Certificates of compliance available through 10/24/2026. The amenities and location of this property provide tremendous potential, with easy access to major highways and attractions. Do not miss out on this beautifully renovated gem!
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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 | $428,000 | $428,000 | $428,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | $280 | $280 | $280 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,847 | $2,845 | $3,609 |
Total Monthly Payment | $3,219 | $3,217 | $3,981 |
* 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.