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Welcome to 2789 Post Road, a superb mixed-use investment opportunity in Warwick! This building features a beautifully updated 2-bedroom apartment on the top floor, perfect for delivering income, or ready for owner occupancy, and a fully functional commercial space on the first floor. All mechanical systems have been meticulously maintained, saving you future capital expenses and ensuring worry-free operations. Perfect for an owner-occupant or investor who wants both residential and commercial income potential. Ample off-street parking makes access simple and stress-free for tenants, clients, and customers alike. The commercial first floor is zoned general business for flexible use. Possible businesses or uses include retail storefronts, nail salon, barber shop, pet services, studio or creative workshop, office, wellness center, boutique etc. . . With its mixed-use zoning, the space offers the ability to adapt as your business needs change turnkey setup, solid foot traffic, visibility, and community presence. Don't miss this rare chance to own a fully updated, mixed-use property with endless opportunities at an exceptionally fair price. Contact me today for more information or to schedule a showing!
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$415,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $332,000 | $332,000 | $332,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.125% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.360% | 6.304% | 5.648% |
| Monthly Tax Payment | $545 | $545 | $545 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,885 | $2,017 | $2,691 |
| Total Monthly Payment | $2,505 | $2,637 | $3,311 |
* 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.