This lovely two-family property, located in the heart of West Warwick, offers an ideal blend of charm, convenience, and potential. Whether you're looking for a multifamily home or an income-generating property, this versatile home is a must-see. The first-floor unit is a 2-bedroom, 1-bath with high ceilings and natural light. The large living room features plenty of windows, creating a bright atmosphere. The open-concept flows seamlessly into the updated kitchen, which boasts appliances, ample cabinetry, and nice flooring for easy maintenance. Both bedrooms are generously sized, with one featuring a large closet and the other offering extra space for a home office or guest room. The second-floor unit mirrors the first-floor layout with 2 spacious bedrooms, 1 full bathroom, and an open living area. The kitchen features similar updates, and an efficient layout for cooking and entertaining. The property is situated on a well-sized lot with a partially fenced backyard that's ideal for relaxing or outdoor activities. There is ample parking space for 6 cars in the driveway. Situated in a residential neighborhood, this home is just minutes from major highways, making commuting to Providence or nearby towns a breeze. It's also within close proximity to local shops, restaurants, schools, and parks, making it ideal for both tenants and homeowners. You could live in one unit and rent out the other to help cover your mortgage, or rent out both units for a steady stream of income.
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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 | $319,920 | $319,920 | $319,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.443% | 7.133% | 6.256% |
Monthly Tax Payment | $312 | $312 | $312 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,155 | $2,126 | $2,698 |
Total Monthly Payment | $2,542 | $2,513 | $3,085 |
* 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.