Welcome to this exceptional half brick multi-family located on tree-lined and picturesque Dana Street in Hope Village. This legal three-family home features three spacious units, each with 2 bedrooms and an abundance of natural light. Each unit boasts beautifully refinished hardwood floors, newer wood replacement windows, and plenty of space. With front and back stairs, accessibility is convenient for all residents, and two of the units include laundry facilities adding an extra layer of convenience. Parking is never an issue with plenty of available space, including a garage. The small yard with patio provides a cozy outdoor area perfect for relaxation, and there is also a lovely screened porch on the second floor. This property is an excellent opportunity for investors or those looking to live in one unit and rent out the others. Conveniently located near Brown and RISD, with easy access to the highway and walking distance to the shopping and dining options in Hope Village. Enjoy the best of city living with a seasonal farmer's market nearby and shops and restaurants within blocks. *Published taxes are at owner occupant rate. OFFERS DUE BY NOON ON TUESDAY, SEPTEMBER 10TH.
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Our Executive Mortgage Banker:
Our Insurance Division:
$879,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $703,200 | $703,200 | $703,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.000% | 5.875% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.963% | 5.983% | 5.805% |
Monthly Tax Payment | $614 | $614 | $614 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,775 | $4,160 | $5,792 |
Total Monthly Payment | $4,481 | $4,866 | $6,498 |
* 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.