This could be your dream come true. Live and or work in the vibrant Arts center in downtown Providence. This studio space is yours to create, or use as you wish. It is waiting for you. The space offers tall ceiling, upgraded electrical, new roof, new HVAC heating and cooling, a kitchenette, full bathroom with shower, TONS of natural light, dimmable overheard recessed lighting, and a private entry and key code. The current owner runs their highly regarded and known studio out of the other part of the building. , which has its own separate entrance as well. With 1950 sq feet, the choices are endless in what you can do with it. The space was recently painted and insulated , it is fire coded, with sprinklers, One year lease, street parking with permit will be needed. Owner pays for water, sewer, trash, recycling, security and taxes, all you would be responsible for is electric and gas. This type of opportunity only comes once in a while , grab it before its gone.
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Our Executive Mortgage Banker:
Our Insurance Division:
$4,200
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 401.474.4879
Whitney.Rugg@raveis.com
NMLS Mortgage Loan Originator ID 7654
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $3,360 | $3,360 | $3,360 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.945% | 7.159% | 6.538% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $23 | $22 | $29 |
Total Monthly Payment | $98 | $97 | $104 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first 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.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.