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Welcome to a truly rare opportunity to own a legal 2-family property with two separate structures on a corner lot, located on the East Side of Providence and Pawtucket. The main home on 80 Hillside Ave in Providence offers classic New England character with modern updates and exceptional flexibility: 2 bedrooms and 1 bathroom on the main level, 1 bedroom in the attic, finished basement with 1 bedroom and 1 bathroom, beautiful hardwood floors throughout, updated kitchen with new countertops, refinished oak cabinetry and updated hardware, Sunroom with abundant natural light, living room featuring a brick fireplace with bluestone accents. The attic and lower level provide significant expansion potential for future value-add opportunities. The second structure on 45-47 Swan St in Pawtucket offers income potential: Open concept studio apartment with inlaid hardwood floors, pocket doors and skylights over a heated two car garage. Possibility to convert into a 3-family property. The Summit/Oak Hill area is renowned for its historic charm. Perfectly positioned just steps from the Blackstone Boulevard recreation trail, Hope Street Farmers' Market, Lippitt Memorial Park, and an array of acclaimed restaurants, caf s, and boutique shops, this property offers unmatched lifestyle appeal and long-term value. Don't miss your chance to secure a high-equity, high-potential asset on the East Side!
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Our Executive Mortgage Banker:
Our Insurance Division:
$650,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 860.625.5780
Brianna.Turgeon@raveis.com
NMLS Mortgage Loan Originator ID 2104486
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $520,000 | $520,000 | $520,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.000% | 5.250% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.209% | 6.178% | 5.541% |
| Monthly Tax Payment | $433 | $433 | $433 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,953 | $3,118 | $4,180 |
| Total Monthly Payment | $3,478 | $3,643 | $4,705 |
* 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.