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The season's most anticipated Providence 2-unit townhouse has hit the market! Nestled in the vibrant Smith Hill neighborhood, 30 Pekin St. offers exceptional space, flexibility, and tremendous long-term energy savings. Properties of this size and flexibility rarely become available in this location. Currently used as a family compound, this massive property has been upgraded and optimized for comfort, efficiency, and long-term savings. The vacant first-floor unit features 2 bedrooms, 1 bathroom, living room, eat-in kitchen, and hallway storage. Head upstairs to the second-floor townhouse-style unit and feast your eyes on 5 large bedrooms, 2 full bathrooms, living room, eat-in kitchen, and laundry with washer and dryer. The property includes a finished full walk-out basement for additional storage and a zero-maintenance exterior with vinyl siding and a paved yard. One of the standout features is parking for up to 9 vehicles, a rare convenience in the city. The property also comes with a 2-yo fully paid-off solar panel system. 30 Pekin St. is minutes away from Downtown Providence and the Providence train station, and a short walk to Providence College, schools, restaurants, local shops and major retailers. Commuters will appreciate quick access to I-95, I-146, Route 6 and Route 10. This property is perfect as a multi-generational home, owner-occupant investment, or high-income rental property. Buyer agrees to 30-day lease back after closing.
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William Raveis Real Estate
Phone: 888.699.8876
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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 | $479,920 | $479,920 | $479,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.125% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.357% | 6.304% | 5.648% |
| Monthly Tax Payment | $295 | $295 | $295 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,839 | $2,916 | $3,890 |
| Total Monthly Payment | $3,226 | $3,303 | $4,277 |
* 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.