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16 Ruggles Street, Providence, RI, 02908 | $679,900
Located in the heart of Historic Smith Hill's revitalization, this expansive three-family home features spacious layouts across all three units, including high ceilings, beautiful pine flooring, and private porches. Each unit offers three generous bedrooms, a large living room, and a flexible dining room or double parlor setup, appealing to a wide range of tenants. The first-floor owner's unit is vacant and freshly updated, featuring a new bathroom, refreshed finishes, and move-in ready condition perfect for an owner-occupant or premium rental. Additional highlights include new vinyl replacement windows throughout, vinyl siding, and separate utilities for each unit to simplify management. The second and third floor units are currently rented below market, offering immediate upside for investors as market rents in the area continue to rise. Located just a short walk to Providence College, this property is an excellent candidate for student rentals and is minutes from the train station, I-95, 295, and 146, with easy access to Federal Hill, the East Side, and downtown Providence. A prime opportunity to own a well-maintained, income-generating property in a high-demand rental market with strong long-term growth potential.
Features
- Amenities: Golf,Highway Access,Near Hospital,Near Schools,Public Transportation,Recreation Area,Restaurant,Shopping,Sidewalks
- Rooms: 21
- Bedrooms: 9
- Baths: 3 full
- Units: 3
- Laundry: Common Area
- Style: Stacked
- Year Built: 1872
- Garage: 1-car Detached,Garage
- Heating: Baseboard,Gas,Oil,Space Heater
- Cooling: None
- Basement: Full,Interior Entry,Unfinished
- Acreage: 0.07
- Est. Taxes: $8,246
- Appliances: Gas Water Heater,Oven,Range,Refrigerator,Water Heater
- MLS#: 1405914
- Website: https://www.raveis.com
/prop/1405914/16rugglesstreet_providence_ri?source=qrflyer
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William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Customer Service
888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
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To learn more about our credentials, visit raveis.com today.
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
16 Ruggles Street, Providence, RI, 02908
$679,900
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 | $543,920 | $543,920 | $543,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.375% | 5.490% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.301% | 6.500% | 5.691% |
| Monthly Tax Payment | $687 | $687 | $687 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,217 | $3,393 | $4,441 |
| Total Monthly Payment | $3,996 | $4,172 | $5,220 |
* 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