|
Prime Investment Opportunity in the Heart of Rolfe Square, Cranston. Discover this exceptional mixed-use property nestled on one of Rhode Island's most coveted streets, Rolfe Square. This versatile building offers a rare combination of two residential units and one commercial unit, making it a standout investment in Cranston's thriving real estate market.
Key Features:
Location: Situated in the highly desirable Rolfe Square, known for its vibrant atmosphere and convenient access to amenities.
Mixed-Use Property: Perfectly blending residential and commercial spaces, catering to both living and business needs.
Residential Units: Tworesidential apartments offer comfortable living spaces, ideal for tenants seeking convenience and urban lifestyle.
Commercial Unit: A versatile commercial space on the ground floor provides an excellent opportunity for business ventures.
Investment Potential: High-demand location ensures strong rental income potential and future appreciation.
Whether you're looking to expand your investment portfolio or establish a foothold in Cranston's burgeoning real estate market, this mixed-use property on Rolfe Square presents an unparalleled opportunity. Don't miss out on owning a piece of this dynamic and sought-after neighborhood. Schedule your showing today to explore the endless possibilities this property has to offer!
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$500,000
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 | $400,000 | $400,000 | $400,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.841% | 7.159% | 6.518% |
Monthly Tax Payment | $497 | $497 | $497 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,661 | $2,659 | $3,430 |
Total Monthly Payment | $3,250 | $3,248 | $4,019 |
* 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.