1040 Cranston Street, Cranston, RI, 02910 | $1,295,000

Mixed-use, commercial, and residential property with extra lot! Originally two single-family homes, this distinctive property has been thoughtfully combined to create a versatile 6200 sq ft mixed use offering with an extra LOT!!!!. Featuring an oversized two-car garage with a spacious studio above, this area is ideal for a dance studio, large office or creative workspace. One side showcases a beautifully maintained residential home with three bedrooms, a granite kitchen, a comfortable family room, and additional office space-perfect for today's flexible needs. Zoned C5, the property allows for a wide range of business opportunities. Additional spaces are currently configured for office use, including medical/dental, with flexibility to accommodate various professional, commercial, or residential applications. The lower level includes a full apartment. The added bonus is the inclusion of an extra lot, offering even more potential for expansion, additional parking, outdoor use, or future development (subject to approvals).

Features

  • Amenities: Golf,Highway Access,Near Hospital,Near Schools,Pool,Public Transportation,Recreation Area,Restaurant,Shopping,Tennis Court(s)
  • Rooms: 9
  • Bedrooms: 5
  • Baths: 2 full / 1 half
  • Units: 2
  • Laundry: In Unit
  • Year Built: 1900
  • Garage: 2-car Attached,Garage
  • Heating: Baseboard,Ductless,Forced Air,Gas,Hot Water
  • Cooling: Central Air,Ductless
  • Basement: Exterior Entry,Full,Finished,Interior Entry
  • Acreage: 0.33
  • Est. Taxes: $10,500
  • Lot Desc: Multiple lots,Paved
  • Appliances: Gas Water Heater
  • MLS#: 1409521
  • Website: https://www.raveis.com
    /prop/1409521/1040cranstonstreet_cranston_ri?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.

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.

Taylor TrombettaSales Associate

203.988.8346

taylor.trombetta@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
  • Place up to 20+ photos of your home on our website, raveis.com
  • Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
  • Showcase your home on raveis.com with a larger and more prominent format
  • Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology

To learn more about our credentials, visit raveis.com today.

Kevin DeTullioVP, Mortgage Banker / Production Manager, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1724767

203.305.5736

Kevin.DeTullio@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

Brian SkellyVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 793093

203.415.2989

Brian.Skelly@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

Diane PadelliInsurance Sales Director, William Raveis Insurance

203.444.0494

Diane.Padelli@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

1040 Cranston Street, Cranston, RI, 02910

$1,295,000

Taylor Trombetta

Sales Associate

William Raveis Real Estate

Phone: 203.988.8346

taylor.trombetta@raveis.com

Kevin DeTullio

VP, Mortgage Banker / Production Manager

William Raveis Mortgage, LLC

Phone: 203.305.5736

Kevin.DeTullio@Raveis.com

NMLS Mortgage Loan Originator ID 1724767

Brian Skelly

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 203.415.2989

Brian.Skelly@raveis.com

NMLS Mortgage Loan Originator ID 793093

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,036,000 $1,036,000 $1,036,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 6.000% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.165% 6.121% 6.183%
Monthly Tax Payment $875 $875 $875
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $5,882 $6,211 $8,742
Total Monthly Payment $6,882 $7,211 $9,742

* 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.