134 138 Irving Avenue, Providence, RI, 02906 | $2,975,000

Take advantage of Providence's hot real estate market with this amazing income-generating opportunity! This property with two separate multi-family homes presents so many options for an East Side owner/owner-occupant. Wayland Square, Blackstone Boulevard, and Hope Village are among the many draws of this in-demand location. 134-138 Irving is a 6-unit brick home, each with 2-bedrooms, 1-bath, and either a private porch or a deck. Smart/stylish updates and hardwood floors in the living areas ensure ultimate appeal for today's renter. Each building includes its own coin-op laundry for bonus income. 8-10 Cole has 3-units consisting of two 2-bedroom/1-bath units and one 1-bedroom/1-bath unit its first-floor unit offers a front porch, warm hardwood floors, and an array of windows creating a pleasing backdrop throughout the living, dining, and kitchen spaces. The 2nd and 3rd-level units provide similar tasteful interiors, with a bonus deck for unit 2. Ample off-street parking accommodates resident automobiles with new experiences awaiting in the surrounding neighborhood. Take short strolls to the shops and cafes of Wayland Square, the Lippitt farmers market, India Point Park, college campuses, and museums. The downtown train station, acclaimed theaters, world-class dining, and renowned WaterFire complete this picture of fine city living.

Features

  • Amenities: Golf,Highway Access,Marina,Near Hospital,Near Schools,Public Transportation,Recreation Area,Restaurant,Shopping,Tennis Court(s),Sidewalks
  • Rooms: 44
  • Bedrooms: 17
  • Baths: 9 full
  • Units: 2
  • Laundry: Common Area
  • Year Built: 1910
  • Garage: No Garage
  • Heating: Oil,Steam
  • Cooling: None
  • Basement: Full,Interior Entry,Unfinished
  • Acreage: 0.23
  • Est. Taxes: $39,678
  • Lot Desc: Corner Lot
  • Appliances: Common Water Heater,Gas Water Heater,Oven,Range,Refrigerator,Water Heater
  • MLS#: 1394971
  • Website: https://www.raveis.com
    /prop/1394971/134138irvingavenue_providence_ri?source=qrflyer
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Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listed by Residential Properties LTD.   Phone: 401-245-9600

William Raveis Family of Services

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Customer Service

888.699.8876

Contact@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

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Brianna TurgeonVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 2104486

860.625.5780

Brianna.Turgeon@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

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
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

134 138 Irving Avenue, Providence, RI, 02906

$2,975,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Brianna Turgeon

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 860.625.5780

Brianna.Turgeon@raveis.com

NMLS Mortgage Loan Originator ID 2104486

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $2,380,000 $2,380,000 $2,380,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.125% 6.000% 5.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.246% 6.133% 6.038%
Monthly Tax Payment $3,307 $3,307 $3,307
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $12,959 $14,269 $19,923
Total Monthly Payment $16,390 $17,700 $23,354

* 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.