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Exceptional investment opportunity in the heart of Pawtucket! This move-in-ready 8 bedroom two-family home is just a 7-minute walk to the new commuter rail station, offers excellent rental income potential in a rapidly growing area. The first-floor unit has been expanded into a spacious 5-bedroom, 3-bath layout with exclusive access to a fully finished, legal basement featuring egress windows. The lower level includes a modern kitchenette, two versatile bedrooms or office spaces, a shared laundry area, and heated floors ideal for extended family, short-term rentals, or a private suite. High-end finishes, recessed lighting, insulated walls, and a separate electric meter enhance comfort and value. Built in 2021, both units showcase open-concept living, contemporary kitchens, and abundant natural light. The interior has been freshly repainted, with new bedroom flooring and updated exterior finishes. The second-floor unit mirrors the quality of the main level, offering 3 bedrooms and 2 baths perfect for reliable long-term tenants. Additional highlights include off-street parking for 4+ vehicles, a new vinyl privacy fence, energy-efficient systems, and low-maintenance exterior finishes. A true turnkey property ideal for owner-occupants or investors seeking immediate cash flow and long-term appreciation. Investor Note: Property may qualify for a 1031 exchange, offering potential tax-deferred benefits for eligible buyers.
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William Raveis Real Estate
Phone: 888.699.8876
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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 | $543,920 | $543,920 | $543,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.395% | 6.545% | 5.900% |
| Monthly Tax Payment | $617 | $617 | $617 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,261 | $3,393 | $4,480 |
| Total Monthly Payment | $3,970 | $4,102 | $5,189 |
* 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.