Business in the Front, Party in the Back! 5 Total Units with room to grow!
This mixed-use property in West Warwick, near the Coventry line, offers the ultimate in versatility and potential. The property features a harmonious blend of residential and commercial spaces, making it ideal for investors, owner-occupiers, or those seeking a multi-faceted business opportunity.
The four residential units provide a steady stream of rental income, while the commercial storefront offers a prime location for a variety of businesses. The property's prime location, near the West Warwick/Coventry line, ensures easy access to local amenities, transportation, and major highways.
One of the standout features of this property is its owned solar panels. This not only reduces energy costs but also contributes to a more sustainable and environmentally friendly lifestyle while selling unused energy back to the grid. Additionally, the property offers ample parking for residents and visitors, ensuring convenience and accessibility.
For those who enjoy outdoor living, the property also includes a private yard area. This space provides a peaceful retreat for relaxation, entertaining, or gardening. Whether you're looking to invest, live comfortably, or start a new business, this mixed-use property offers an exceptional opportunity.
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Our Executive Mortgage Banker:
Our Insurance Division:
$575,000
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 | $460,000 | $460,000 | $460,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 5.990% | 4.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.398% | 6.161% | 5.152% |
Monthly Tax Payment | $839 | $839 | $839 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,795 | $2,755 | $3,608 |
Total Monthly Payment | $3,726 | $3,686 | $4,539 |
* 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.