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58 John Street, East Providence, RI, 02914 | $395,000
Perfectly located mixed-use commercial property in East Providence sandwiched between Taunton and Waterman Avenue! The property has been well-maintained by the current owner. The first floor has recently been used as a salon, but there's endless possible uses for this space. The entry way features glass doors and built-in benched seating. The main room is wide open with a 1/2 bath and large adjoining room to the rear for an office or storage. The first floor has various access points including a wide rear door ramp. Beautiful hardwoods run throughout and warm the space. The 2nd floor is a 2-bed/1 bath residential unit with an open kitchen & living room space that could be perfect for additional rental income. This upstairs apartment space was renovated approximately 10 years ago with updated electrical and plumbing, drywall, and bathroom upgrades. Also has classic hardwoods. Utilities for each floor are separated (gas heat/HW, electric). The exterior has easy maintenance vinyl siding and the property is polished off with tasteful garden beds/landscaping. The property's paved parking lot provides off-street parking for at least 7 vehicles with street parking available nearby. This location provides high visibility and traffic for business owners or investors looking to take advantage. The large unfinished basement is great for all kinds of storage and is easily accessible. The property is zoned as C-3 and the approved residential unit upstairs is a wonderful feature!
Features
- Property Type: Commercial
- Permitted Use: Commercial,Mixed Use,Office,Retail
- Construction: Frame
- Utilities: Cable Available,Electricity Available,Natural Gas Available,Natural Gas Connected,Sewer Connected
- Parking: 7-car
- Heating: Baseboard,Hot Water,Individual
- Cooling: 1 Unit,Wall Unit(s)
- Amenities: Highway Access,Public Transportation,Recreation Area,Restaurant,Shopping,Sidewalks
- Units: 2
- Zoning: C-3
- Frontage: 0
- Laundry: Common Area
- Year Built: 1910
- Est. Taxes: $4,760
- Lot Desc: Corner Lot
- MLS#: 1355289
- Website: https://www.raveis.com
/prop/1355289/58johnstreet_eastprovidence_ri?source=qrflyer
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Whitney RuggVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 7654
401.474.4879
Whitney.Rugg@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
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- Has access to hundreds of loan programs, all at competitive rates
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
58 John Street, East Providence, RI, 02914
$395,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Whitney Rugg
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 | $316,000 | $316,000 | $316,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 7.250% | 6.990% | 5.990% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.945% | 7.133% | 6.256% |
| Monthly Tax Payment | $397 | $397 | $397 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,156 | $2,100 | $2,665 |
| Total Monthly Payment | $2,628 | $2,572 | $3,137 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB