Excellent investment opportunity in Woonsocket, Rhode Island featuring a 6-unit multifamily property with a strong and versatile unit mix of four 3-bedroom units and two studio units. Also includes a buildable lot, approved for a 2 family. This well-maintained asset offers great income potential and broad tenant appeal. Off-street parking adds convenience for residents. A rare bonus feature includes a buildable lot approved by the city for a 2-family home, creating additional upside and future development potential. Centrally located with easy access to local shops, restaurants, and everyday amenities. Minutes from the downtown district and near the Blackstone River Greenway for outdoor recreation. Convenient access to Interstate 146 allows easy commuting to Providence and Worcester, making this a prime opportunity for investors and developers alike.
252 Front 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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