Attention developers and investors! Incredible development opportunity in Providence with plans in hand for a mixed-use project
consisting of 8 residential apartments and 3 commercial units, for a total of 11 units. An existing repair shop is currently situated
on the property. This is a rare chance to acquire a strategically located parcel with significant upside potential in one of
Providence's active commercial corridors. Whether you're looking to develop immediately or add to your investment portfolio, the
possibilities are outstanding. Conveniently located along the highly traveled Plainfield Street corridor near the Silver Lake and
Olneyville neighborhoods. Minutes to Downtown Providence, major hospitals, universities, shopping, dining, and public
transportation. Easy access to Route 6, Route 10, I-95, and I-195 provides convenient connectivity throughout Rhode Island and
into Massachusetts. Don't miss this exceptional opportunity to bring your vision to life in a prime Providence location.
665 Plainfield Street, Providence, RI, 02909
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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