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Exceptional 4 unit investment or owner occupied home with water views and strong income potential. This versatile property is close to hwys, dining, shopping and features ample off street parking, garage and expansive yard- rare finds for a multi family. Conveniently located near Tiverton, RI and minutes from the train station offering easy commuter access while maintaining desirable neighborhood living. Large yard and extra parking allow the opportunity to rent extra private parking space. Huge basement provides potential additional living and/or rental space with plenty of storage. The largest unit has 3 beds and 2 baths and consists of two floors. The second unit has 1 bed and 1 bath, the third unit located on the second floor has been renovated and offers amazing water views 1 bed and 1 bath. The 4th unit is a large studio unit with a separate kitchen and combo living/bedroom space. Wonderful opportunity to expand and grow in a desirable location close to Watuppa Pond.
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Our Executive Mortgage Banker:
Our Insurance Division:
$850,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 617.281.4872
Kate.Rockett@raveis.com
NMLS Mortgage Loan Originator ID 1500191
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $680,000 | $680,000 | $680,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.000% | 5.750% | 5.500% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 5.973% | 5.858% | 5.681% |
| Monthly Tax Payment | $858 | $858 | $858 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,650 | $3,968 | $5,556 |
| Total Monthly Payment | $4,600 | $4,918 | $6,506 |
* 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.