Presenting 56 Barton Street, a well-maintained legal three-family property in the Federal Hill / West End neighborhood of Providence. This turnkey asset consists of a three story building with two 2-bedroom/1-bathroom units, and one 1 bedroom/1-bathroom unit. Each unit features separate heating and mechanicals, replacement windows, and efficient layouts. The property delivers an attractive 7%+ cap rate with solid rental income and low operating headaches. Plenty of off-street parking for all three units and washer/dryer in the basement. Fantastic location on quiet street, but with easy access to highway (US-6), and walkable to all the restaurants, shops, and entertainment on Broadway and Westminster St. **Must be sold with adjoining three-family property at 54 Barton Street MLS#1413564** Call today to schedule a showing!
Contact listing agent for buyer broker compensation if applicable.
56 Barton Street, Providence, RI, 02909
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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