Held within the same family for over three decades and located in the Edgewood section of Cranston this property has been cherished every year, it's rare to come across such a meticulously maintained three-family home. Inform your clients about this gem that combines an ideal location, excellent condition, and income potential (with room for growth $$$) into one exceptional offering. Each unit showcases fine condition with traditional craftsmanship and architecture evident throughout. It's uncommon for a triplex to feature each apartment in such immaculate and well-cared-for condition. The beautiful wood flooring that adorns every unit adds to the charm. The home and garage boast a younger roof (15 yrs. ), a well-maintained chimney, all new electrical wiring (2020), insulated windows, vinyl siding, two brand-new gas-fired water heaters, a recently replaced third water heater (2020), a brand-new integrated Smoke/CO detector system, and convenient onsite laundry facilities. The exterior features a vast driveway, a spacious two-car garage, and a lovely backyard complemented by a 32'x10' stone-paved patio. Its location is advantageous, close to essential shopping, easy highway access, and the stunning Roger Williams Park, known as one of the state's most picturesque parks. This tranquil haven is perfect for relaxation, walks, or jogs and is just a stone's throw away at the end of the street. Turn the garage into a money-maker as well by renting space for parking or storage. Call!!
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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 | $588,000 | $588,000 | $588,000 |
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 | $557 | $557 | $557 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,011 | $3,908 | $4,959 |
Total Monthly Payment | $4,660 | $4,557 | $5,608 |
* 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.