Exceptional development opportunity for investors and builders. This vacant lot is fully positioned for a streamlined build with a completed survey, DEM approval for a 3-bedroom septic system, and architectural plans included. Much of the costly and time-consuming prep work has already been completed, allowing you to move forward with confidence and efficiency. This is a high-upside acquisition ideal for spec builders, portfolio growth, or anyone looking to capitalize on strong buyer demand for new construction. With key approvals in place, you can fast-track your project timeline, reduce uncertainty, and enhance overall return potential. Just pull your permit and go!
24 Narragansett Road, Cumberland, RI, 02864
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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