Income-producing 7-unit mixed-use property offering 6 residential units and 1 commercial space, along with a large parcel that may allow for future expansion (buyer to verify). Residential layout includes four 2-bedroom units, one 4-bedroom unit, and one studio. Apartments feature private balconies, eat-in kitchens, generous living spaces, and full bathrooms. Property has a solid rental track record and dependable cash flow. Updates include a newer roof, renovated balconies/porches, and a compliant water meter. Plenty of off-street parking and established tenant occupancy. Strong investment opportunity with both immediate income and long-term growth potential. Rental amounts reflect projected market rates.
60 Rathbun Street, 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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