Shovel-ready with approvals in hand! Exceptional opportunity for investors and developers to acquire a large, development-ready parcel of vacant land in Coventry, RI. This expansive property offers outstanding potential and is fully approved for up to 75residential units, making it ideal for a multi-unit or large-scale residential project. Building permit approval will be completed for the buyer, allowing for immediate construction upon closing. Skip lengthy entitlement processes and move forward with confidence and certainty. Located in a rapidly growing and highly desirable area, the site offers excellent accessibility with close proximity to major roads and highways. Surrounded by established neighborhoods and local amenities, this location supports strong demand and long-term growth. With approvals secured and construction readiness in place, this is a rare opportunity to go directly from acquisition to development. A standout investment in Coventry!
0 New London Tpke, 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.
CT Mortgage Lender ML-2630 - MA Mortgage Lender and Mortgage Broker #MC2630 - NH Mortgage Banker #11083-MB - RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB - NY Licensed Mortgage Banker - NYS Department of Financial Services LMBC 106535 / B500898 - NJ Residential Mortgage Lender 2630 - FL Mortgage Lender MLD1388 - VT Lender & Mortgage Broker #6952 & #1297MB
