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793 799 West Shore Road, Warwick, RI, 02889 | $650,000
Incredible opportunity to own 3 separate buildings on 2 different lots in a fantastic downtown location with private parking. 793 West Shore is a mixed use building currently being used as a 2 bedroom 1 bathroom single family, owner occupied now, paying 1500 per month. 799 West Shore contains a large vacant commercial building, along with a separate vacant building in the back, currently zoned GB. 799 West Shore is a partially renovated larger building, which includes a brand new electrical and HVAC unit, just needs to be connected to the gas. Seller has been approved for 8 foot ceilings to keep under 35, 000 cubic feet which will not require a sprinkler system. The second smaller building is gutted but currently has electrical connection. 793 West shore has gone through a full remodel with new sheetrock and flooring throughout, plumbing, HVAC, electrical, newer heating system, and central air. First floor features the living room, eat in kitchen, 1 bedroom, and laundry area. Second floor is an open loft with cathedral ceilings and a walk in closet that is currently used as the second bedroom. Plumbing is already upstairs to add a second bathroom. The loft is large enough to convert into two bedrooms. This property conveniently abuts a small park to enjoy at any time and is only a block away from the Providence River.
Features
- Property Type: Commercial
- Permitted Use: Commercial,Investment,Medical/Dental,Mini Storage,Mixed Use,Office,Other,Residential,Recreational,Retail,Single Family,See Remarks,Highway/Tourist Service
- Construction: Frame
- Utilities: Electricity Available,Natural Gas Available,Natural Gas Connected,Municipal Utilities,Water Connected,Sewer Connected
- Parking: 10-car
- Heating: Gas,None
- Cooling: Ductless
- Amenities: Business Center,Playground,Recreation Facilities,RestaurantBusiness Center,Highway Access,Playground,Public Transportation,Restaurant,Shopping,Sidewalks
- Units: 2
- Zoning: GB
- Laundry: Common Area
- Year Built: 1900
- Acreage: 0.32
- Est. Taxes: $11,647
- MLS#: 1373737
- Website: https://www.raveis.com
/prop/1373737/793799westshoreroad_warwick_ri?source=qrflyer
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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
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793 799 West Shore Road, Warwick, RI, 02889
$650,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $520,000 | $520,000 | $520,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.875% | 6.875% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.352% | 7.042% | 6.160% |
| Monthly Tax Payment | $971 | $971 | $971 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,416 | $3,416 | $4,353 |
| Total Monthly Payment | $4,479 | $4,479 | $5,416 |
* 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