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Water views define this multi-family property on the corner of Remington and Narragansett Parkway in Warwick's Historic Pawtuxet Village. The first-floor unit offers two bedrooms and one bath, hardwood floors, and a private deck. The second floor unit offers one bedroom, one bath, hardwood floors, and its own private deck. The third floor is a complete studio with a separate entrance and utilities, functioning as a standalone in-law unit or combined with the second floor to create a two-level townhouse-style layout. Each unit is served by individual gas heat and water. Exterior is maintenance-free, with a spacious yard and ample off-street parking. Washer and dryer are located on the lower level. Configuration supports multi-generational living, in-law use, investment income, or conversion back to a single-family residence. Within walking distance of Pawtuxet Village parks, restaurants, shops, marinas, and the Rhode Island Yacht Club.
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$559,000
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 |
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| Loan Amount | $447,200 | $447,200 | $447,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.125% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.424% | 6.640% | 5.972% |
| Monthly Tax Payment | $432 | $432 | $432 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,717 | $2,824 | $3,714 |
| Total Monthly Payment | $3,241 | $3,348 | $4,238 |
* 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.