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68 70 Radcliffe Avenue, Providence, RI, 02908 | $595,000
Located in the desirable Oakland Avenue district of Providence, minutes from Providence College, this renovated two-family home presents an exceptional opportunity for both investors and owner-occupants. Each unit has been updated with brand-new kitchens featuring modern cabinetry and stainless steel appliances, along with stylishly renovated bathrooms, offering turnkey appeal and contemporary comfort. The lower level adds significant value with two dedicated washer and dryer sets one for each unit ample storage space, and fully separate utilities, including individual gas-fired boilers, gas-fired hot water tanks, and electric panels. This setup ensures efficiency, convenience, and ease of management. Outside, the home offers a truly low-maintenance exterior with vinyl siding and replacement windows. A detached two-car garage at the rear of the property provides covered parking, while the long driveway allows for comfortable off-street parking for 6 to 8 vehicles an invaluable feature in this location. With a long and proven history as a successful rental property, this multifamily is well-positioned for continued income generation. Additionally, the unfinished walk-up third-floor attic offers exciting future potential. By finishing and connecting it to the second-floor unit, a new owner could create a spacious owner-style townhouse. A rare blend of location, updates, income, and upside this property is ready for its next chapter. VIDEOS OF UNITS ATTACHED TO LISTING!
Features
- Amenities: Highway Access,Near Hospital,Near Schools,Public Transportation,Recreation Area,Restaurant,Shopping,Sidewalks
- Rooms: 12
- Bedrooms: 6
- Baths: 2 full
- Units: 2
- Laundry: Common Area
- Style: Stacked
- Year Built: 1915
- Garage: 2-car Detached,Garage
- Heating: Gas,Steam
- Cooling: None
- Basement: Full,Interior Entry,Unfinished
- Acreage: 0.12
- Est. Taxes: $7,977
- Appliances: Dryer,Gas Water Heater,Microwave,Oven,Range,Refrigerator,Water Heater,Washer
- MLS#: 1403082
- Website: https://www.raveis.com
/prop/1403082/6870radcliffeavenue_providence_ri?source=qrflyer
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William Raveis Family of Services
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888.699.8876
Contact@raveis.com
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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
68 70 Radcliffe Avenue, Providence, RI, 02908
$595,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $476,000 | $476,000 | $476,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 5.990% | 5.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.137% | 6.132% | 5.396% |
| Monthly Tax Payment | $665 | $665 | $665 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,665 | $2,851 | $3,795 |
| Total Monthly Payment | $3,422 | $3,608 | $4,552 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB