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After decades of being filled with family, laughter, milestones, and memories, this classic three-family home is ready for its next chapter. Whether you're an investor looking to add to your portfolio or an owner-occupant searching for a property with income potential, this Central Falls multi-family offers an incredible opportunity to bring new life to a home that has been well-loved over the years. The first-floor unit features 2 bedrooms, a generously sized living room, and a recently updated bathroom. The second-floor unit offers 2 bedrooms, 1 bathroom, and another spacious living area perfect for everyday living. Tucked away on the third floor is a cozy 1-bedroom apartment with a living room/kitchen combination and full bath ideal for a single occupant, a couple just starting out, or anyone looking for a comfortable space to call home. Outside, you'll find a surprisingly spacious yard, ample off-street parking, and a detached 3-car garage a rare bonus in the city. While the property could benefit from updates and cosmetic improvements, the bones are here, the space is here, and the possibilities are endless. Homes like this don't just provide housing they create stories. Now it's time for someone new to write the next chapter. Bring your vision, your toolbox, and your imagination. This one is ready to shine again.
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$500,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $400,000 | $400,000 | $400,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.125% | 6.500% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.697% | 6.650% | 5.992% |
| Monthly Tax Payment | $455 | $455 | $455 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,430 | $2,528 | $3,322 |
| Total Monthly Payment | $2,977 | $3,075 | $3,869 |
* 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.