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Stop paying your mortgage alone! let your property help pay it for you. Welcome to 310 Orms st, providence RI. 3 spacious units. Each unit features a bright and airy layout with spacious kitchens, the large living rooms are filled with natural light, creating a warm and inviting atmosphere that instantly feels like home. Each unit also includes two generously sized bedrooms. Conveniently located just minutes from Providence Place Mall, local colleges, restaurants, highways, and the train station. this property offers easy access to everything Providence has to offer while still providing the comfort of a residential neighborhood. Whether you're a first time buyer or an investor looking for strong cash flow, this property move in gives you flexibility, opportunity, and long-term value. this property have many improvements include replacement of water boilers, new heat system, fresh paints, new kitchen , bathroom. the age of the roof around 8 years. enjoy convenient off street parking, with providence parking sticker for less than $10/month to park all day, overnight, at anytime you don't have to worry about parking your car anymore. this property filled with storage, areas for potential storage rental income, provide more convenience for owner occupant or tenant. Neither seller or listing agent makes any representations as to the accuracy of any of contained hearin, buyer and buyer's agent must conduct their own due diligence, verification and search.
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Our Executive Mortgage Banker:
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$584,900
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 |
|
|---|---|---|---|
| Loan Amount | $467,920 | $467,920 | $467,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.500% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.375% | 6.638% | 5.972% |
| Monthly Tax Payment | $604 | $604 | $604 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,881 | $2,958 | $3,886 |
| Total Monthly Payment | $3,577 | $3,654 | $4,582 |
* 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.