Primo two family property on a sizable lot with a second floor, 5 bedroom townhouse. Just in time for Spring!!! Money magazine recently labeled Pawtucket, an artsy and affordable old mill town and one of RI's best places to live in the entire USA. Housing like this property is one of the reasons why people are flocking to Pawtucket! Double driveway with one for each unit is a rare feature on this already wide and appealing street. Vinyl sided with vinyl windows and nice awning over your entry door into the property. No more issues in and out with your tenants who will be living well and complaining less. Quintessential Americana landscape, fenced in yard, plenty of room for summer barbecues. Interior shows the history and upkeep of the property, many older finishes that have been kept nearly immaculate in both units. Lower level is partially finished, heating, electrical & hot water tanks are in good working order. Property should qualify for all loan programs and products. In both units, the room sizes are large and the units are sunny with spacious kitchens, tall ceiling heights, closet space and the kind of character a discerning home buyer or investor is seeking when they buy a move in ready investment. This property checks all the boxes, location, condition and also some room for you to continue the story of this home, making enhancements and updates over time while you join the ranks of those improving the great city of Pawtucket! **OFFERS DUE WED (4/24) AT 11AM**
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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 | $351,920 | $351,920 | $351,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.500% | 7.125% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 8.051% | 7.295% | 6.623% |
Monthly Tax Payment | $381 | $381 | $381 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,461 | $2,371 | $3,041 |
Total Monthly Payment | $2,917 | $2,827 | $3,497 |
* 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.