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Tucked into Woonsocket's Bernon District, minutes to 146, sunny & bright 109 Hemond Ave is a classic 3-family that works beautifully for both an owner-occupant house hack and a buy-and-hold investor. The building features beautiful hardwood flooring, historic built-ins and detail in a highly functional unit mix two 3-bed/1-bath apartments, each with double parlor, plus a 1-bed/1-bath unit creating flexibility for multigenerational living, live-in rental income, or a straightforward fully-rented asset. One unit is currently occupied, providing immediate income, while the remaining units are ready for renovation ideal for an owner-occupant looking to customize their living space or an investor seeking to reposition and maximize rents over time. Also within the property is a full unfinished basement with interior entry, and common-area laundry, tons of storage practical amenities that help drive tenant demand and long-term usability. Utilities include public water/sewer, 100-amp electric, and gas/oil heat. Outside you have a two car detached garage and a private shared back yard. With an incredibly convenient location-- minutes to major highways, schools, public transportation, restaurants, and shopping, this is the kind of property that can perform as a steady rental while also offering the lifestyle/financial advantages owner-occupants look for. Zoned R-3, it's a solid opportunity to build equity and income in one purchase. HIGHEST & BEST offers deadline: Monday, 2/16 5pm
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William Raveis Real Estate
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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 | $423,200 | $423,200 | $423,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 5.990% | 5.250% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.197% | 6.132% | 5.541% |
| Monthly Tax Payment | $451 | $451 | $451 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,403 | $2,535 | $3,402 |
| Total Monthly Payment | $2,946 | $3,078 | $3,945 |
* 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.