ATTENTION DEVELOPERS AND INVESTORS! Incredible opportunity in Woonsocket to own a fully updated 21-unit residential building offering strong returns. This property boasts an impressive 7% cap rate with an NOI of $359,600, making it an ideal addition to any investment portfolio. Total rents about $450,000. All units have been completely renovated with modern finishes, new appliances, and attractive, functional layouts designed to appeal to today's tenants. Conveniently located with easy access to local shops, restaurants, and everyday amenities, and just minutes from the downtown district. Close to major commercial corridors including Diamond Hill Road and Mendon Road. Easy access to Interstate 146 provides convenient commuting to Providence and Worcester. Near the Blackstone River and Blackstone River Greenway, with close proximity to Landmark Medical Center.
72 Kendrick 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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