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Excellent investment opportunity or owner-occupied property in the heart of Providence! This well-maintained three-family home features two spacious 2-bedroom units and one large 3-bedroom unit, offering strong rental potential and flexible living options. The 2 car garage offers great ADU potential adding more income to your investment. Each unit provides comfortable layouts with generous living space, making it ideal for tenants or multi-generational living. The property also includes off-street parking and a two-car garage, a valuable convenience in the city. Conveniently located near local shops, restaurants, highways, and downtown Providence, this property is perfectly positioned for both commuters and renters alike. Whether you're looking to expand your investment portfolio or live in one unit while generating rental income from the others, this versatile multi-family is a fantastic opportunity. Don't miss your chance to own a solid income-producing property in a desirable Providence location!
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Our Executive Mortgage Banker:
Our Insurance Division:
$710,000
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 | $568,000 | $568,000 | $568,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.375% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.301% | 6.487% | 5.614% |
| Monthly Tax Payment | $680 | $680 | $680 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,360 | $3,544 | $4,603 |
| Total Monthly Payment | $4,132 | $4,316 | $5,375 |
* 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.