Situated on over 18,000 square foot lot this remarkable city-approved plans is ideal investment opportunity with a current building total of 1431 sq ft. An expansive 3-lot commercial and residential space with approval process already completed ensures a streamlined path towards this development project. Each lot is designed to feature 4- story buildings, with 8 residential living areas and space for retail units per building. With 7 retail units and 24 residential units spread across these 3 lots, you have the flexibility to cater to a diverse range of businesses and residents. The property boasts 7 retail units, perfect for businesses looking for high visibility and foot traffic. With city approval in hand, you have the freedom to adapt residential and retail spaces to specific preferences. Do not miss out on this multi-lot development opportunity!
665 Plainfield Street, Providence, RI, 02909
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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