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TONS OF PARKING- Entrance behind the home. Exceptional Three-Family Investment Opportunity with Potential Buildable Lot Providence. This extensively renovated three-family residence combines modern upgrades, strong rental potential, and the added value of a potentially buildable lot located directly behind the property (no approvals currently in place). The main building features two spacious 3-bedroom, 1-bath units and a charming 2-bedroom, 1-bath unit, each offering open layouts, abundant natural light, and modern finishes such as updated flooring, contemporary fixtures, and stainless steel appliances. The property has undergone comprehensive renovations, including all new mechanicals, electrical systems, and plumbing, ensuring long-term efficiency and peace of mind. Amenities include a convenient on-site laundry area and ample off-street parking for all residents. Ideally located just minutes from major highways, shopping, dining, and local amenities, this property offers both accessibility and strong rental appeal. The inclusion of the rear lot potentially buildable with appropriate approvals sets this offering apart, creating an opportunity for future development, expansion, or long-term value enhancement. With its extensive updates, prime location, and unique added potential, this property is an outstanding opportunity for investors and owner-occupants alike. .
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$675,000
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 |
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|---|---|---|---|
| Loan Amount | $540,000 | $540,000 | $540,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 5.990% | 5.250% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.258% | 6.168% | 5.561% |
| Monthly Tax Payment | $533 | $533 | $533 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,109 | $3,234 | $4,341 |
| Total Monthly Payment | $3,734 | $3,859 | $4,966 |
* 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.