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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.
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$2,975,000
William Raveis Real Estate
Phone: 888.699.8876
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William Raveis Mortgage, LLC
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Brianna.Turgeon@raveis.com
NMLS Mortgage Loan Originator ID 2104486
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| 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.