Excellent investment opportunity in Coventry, Rhode Island featuring a well-maintained 5-unit residential property. All five units offer 2 bedrooms, providing a consistent and desirable layout that appeals to a wide range of tenants. The property is well cared for and offers strong rental potential in a convenient and accessible location. Off-street parking adds valuable convenience for residents. Ideally situated near the Washington Street corridor with easy access to local shopping, dining, and everyday amenities. Quick access to Route 117 and Interstate 95 allows for an easy commute to Warwick, Cranston, and Providence. Just minutes from Centre of New England, and close to Tiogue Lake and the Washington Secondary Bike Path.
513 Washington Street, Coventry, RI, 02816
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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