Exceptional land development opportunity in Woonsocket, RI, featuring three buildable lots, each approximately 10,000 square feet. All parcels are zoned R3 and come with city approval to construct three two-family homes (no building permits issued yet, city approval only). DPW approval is currently in progress, adding momentum to this ready-to-move-forward project. Roadway extension plans and land development plans are already in hand, providing valuable time and cost savings for developers. This offering presents a rare chance to develop multi-family housing in a strong rental market. Conveniently located near major highways, shopping, dining, and local amenities, the property offers excellent accessibility and appeal for future tenants or owner-occupants. An outstanding investment opportunity with significant upside in a desirable Woonsocket location.
0 10th Avenue, Woonsocket, RI, 02895
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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