Rarely available for sale, 244 Bowen Street is a legal 12-Unit apartment building in the heart of Brown University. This building provides immediate scale for an investor, providing (8) 1 Bed/1Bath apartments and (4) Studio/1Bath apartments. Largely occupied by graduate and medical students at Brown University, this quiet and turn-key building offers an incredible location with upside to increase rents. 100% occupied each year. Recent improvements include a newer heating system, replaced plumbing stack, hot water tank, and many replacement windows. Vinyl siding ensures a low maintenance exterior. Unbeatable location for student housing
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244 Bowen Street, Providence, RI, 02906
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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