Here's your opportunity to own a 3 unit property in great condition in the heart of Federal Hill. Located one block from Broadway, in one of Providence's most sought-after neighborhoods, this well-maintained three-family property features a host of updates and larger floor plans, making this property ideal for an Owner Occupant or investment property. Current owners have meticulously maintained the property with annual servicing of heating systems, updated electric and plumbing, and with routine maintenance of halls, stairwells, and the exterior. First floor unit offers two bedrooms and one bathroom and features a large eat in kitchen with a large pantry and great light with the large picture window. Unit two is an oversized four bedroom unit with two full bathrooms which have been renovated, an updated kitchen, and hardwoods throughout. The third floor charmer features a fabulous kitchen and dining room, an oversized living room with City views and three bedrooms. While units 1 and 3 have leases in place with rents slightly under market value rent, the Second floor is month to month. Each unit has individual gas Heating systems which are 11 years old, the flat roof was recently inspected. Sellers recently obtained Lead Conformance Certs for each unit which have been registered! Don't miss out on this prime location-property with easy access to great bars, restaurants, coffee shops, and more!
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Our Executive Mortgage Banker:
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$799,000
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 | $639,200 | $639,200 | $639,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.655% | 7.146% | 6.276% |
Monthly Tax Payment | $811 | $811 | $811 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,360 | $4,248 | $5,390 |
Total Monthly Payment | $5,263 | $5,151 | $6,293 |
* 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.