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80 Phenix Avenue, Cranston, RI, 02920 | $989,900
RARE FIND!!! Legal 4 Unit in Western Cranston on 3/4 acre private lot with plenty of opportunity for growth or just enjoy the privacy of the extra space. There is a 3 car garage and a small storage garage. Approximately 175 feet of a beautiful stone wall to compliment the front of the property. Lot has 2 driveway entrances/exits 1 on Phenix Avenue and 1 on Bolton Street. Plenty of space for parking. 1st floor offers Unit 1 with 2 bed, 1 bath w/laundry, fireplace and beautiful outdoor patio. This unit has been completely renovated. 1st Floor also has Unit 2 with 2 bed, 1 bath and hardwoods. Both 1st Floor Units have their own exterior entrances, and common area entrances. 2nd Floor also has 2 Units. Unit 3 offers 3 bed, 1 bath rental. Unit 4 is a 2 bed, 1 bath that needs to be completely renovated. There is a full unfinished basement with a fireplace and 2 exits. Half of the basement was studio style living space at one time with plumbing for kitchen, wet bar and bath. Utility side has separate 100 amp circuit breakers, separate gas meters and laundry. Property has plenty of potential for possible buildable lot/lots or condo conversion. Many options. May not qualify for conventional loan. Investors & Builders this is a great opportunity for land plus a 4 Unit in Western Cranston!
Features
- Amenities: Golf,Highway Access,Near Schools,Public Transportation,Restaurant,Shopping
- Rooms: 17
- Bedrooms: 9
- Baths: 4 full
- Units: 4
- Laundry: Common Area,In Unit
- Year Built: 1840
- Garage: 3-car Detached,Garage,Garage Door Opener
- Heating: Baseboard,Central,Ductless,Electric,Gas
- Cooling: Ductless,Window Unit(s)
- Basement: Exterior Entry,Full,Interior Entry,Unfinished
- Acreage: 0.73
- Est. Taxes: $7,447
- Lot Desc: Paved
- Appliances: Dryer,Oven,Range,Refrigerator,Water Heater,Washer
- MLS#: 1389500
- Website: https://www.raveis.com
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William Raveis Family of Services
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888.699.8876
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Allen GellermanInsurance Sales Director, William Raveis Insurance
617.686.2668
Allen.Gellerman@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
80 Phenix Avenue, Cranston, RI, 02920
$989,900
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $791,920 | $791,920 | $791,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.125% | 6.000% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.246% | 6.110% | 5.952% |
| Monthly Tax Payment | $621 | $621 | $621 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,312 | $4,748 | $6,576 |
| Total Monthly Payment | $5,025 | $5,461 | $7,289 |
* 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