Introducing 173 Whittier Ave: A Distinguished Three (3) Family featuring classic architectural charm, large units & ample parking. ** The first & second floors offer spacious 3-4 bedroom layouts, while the charming 2-bedroom apartment occupies the third level. Property is rich in character, featuring underlying hardwood floors in all three units. **Each unit showcases a layout that optimizes space & comfort; units would benefit from cosmetic updates to align with contemporary living standards. ** Property presents a significant investment opportunity, particularly appealing to those looking for a project that combines potential rental income with the chance to preserve & enhance its historical allure. The property's diverse unit configurations make it attractive in the rental market, offering the prospect of excellent income generation. ** For an owner-occupant, this property offers the unique opportunity to reside in a piece of Providence's history while renting out the other units, thereby offsetting costs. Its prime location ensures convenient access to highways, close to all Providence has to offer. Truly an excellent investment opportunity!
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Our Executive Mortgage Banker:
Our Insurance Division:
$489,000
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 | $391,200 | $391,200 | $391,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.945% | 7.159% | 6.286% |
Monthly Tax Payment | $510 | $510 | $510 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,669 | $2,600 | $3,301 |
Total Monthly Payment | $3,254 | $3,185 | $3,886 |
* 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.