0 River & Transit St, Woonsocket, RI, Rhode Island, property flyer

0 River & Transit St, Woonsocket, RI, 02895 | $1,198,000

Two Properties, Eight Units! Property 1: 372 River St (RI MLS 1393018) An excellent investment opportunity near the Blackstone River area of Woonsocket, RI! This well-maintained, fire coded, large, multi-family property generates a strong annual income of $69, 600 with annual expenses of $52, 196, offering a potential ROI of 10. 71%. New roof! New gas, IBC Technologies on demand hot water system! Property also offers tenants ample off street parking with a large lot in rear of building. Key Highlights: Solid income-producing asset, Reliable tenant base, Favorable ROI, low maintenance exterior with access to local amenities and major routes. High-yield investment. Property 2: 243 Transit St (RI MLS 1393027) This freshly painted, fire coded, renovated stairwell, multi-family property located in the heart of Woonsocket, generates annual income of $71, 040 with annual expenses of $53, 190, offering a potential ROI of 10. 98%. Laundry in building! 4 car garage! Sold as package or individually!

Features

Amenities: Public Transportation, Shopping, Park, Medical Facility, Laundromat, Highway Access, House of Worship, Public School, Other
Rooms: 30
Bedrooms: 12
Baths: 8 full
Units: 8

Year Built: 1900
Garage: 4-car
Approx Sq. Feet: 5,716
Acreage: 0.3
Est. Taxes: $15,263

Lot Desc: Corner Lot, Easements, Gentle Sloping
MLS#: 73430058
Website: https://www.raveis.com
/prop/73430058/0riverandtransitst_woonsocket_ri?source=qrflyer

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
Listing by Donald Martone courtesy of Donald Martone Phone: 401-533-1021

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0 River & Transit St, Woonsocket, RI, 02895

$1,198,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

	5/6 (30 Yr) Adjustable Rate Jumbo*	30 Year Fixed-Rate Jumbo	15 Year Fixed-Rate Jumbo
Loan Amount	$958,400	$958,400	$958,400
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%	5.932%
Monthly Tax Payment	$1,272	$1,272	$1,272
H/O Insurance Payment	$125	$125	$125
Initial Principal & Interest Pmt	$5,218	$5,746	$7,959
Total Monthly Payment	$6,615	$7,143	$9,356

* 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.