This impressive 9-unit multifamily property features two separate buildings on a single lot, offering a fantastic investment opportunity in a prime Woonsocket location. Currently occupied with the exception of two units, the property provides a great mix of layouts, with varying bedroom and bathroom counts to suit diverse tenant needs. Gross rents total: $9,735 monthly. Tenants enjoy the convenience of ample parking, with 6 garage spaces and an additional 15 off-street spots, making it easy to accommodate multiple vehicles per unit. Well-maintained and ideally situated near local amenities, this property combines practicality with profitability, offering both stability and potential growth in occupancy. Whether you're an investor seeking steady income or looking to expand a rental portfolio, this multifamily home promises value and convenience in an appealing, tenant-friendly location.
3 Highland Street, Woonsocket, RI, 02895
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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