Unlock a lucrative investment opportunity in the heart of Providence! This exceptional multi-family rental portfolio features 5 separate properties totaling 15 units. Strategically located in the heart of three prestigious colleges - Providence College, Johnson and Wales University, and Rhode Island College - making it a magnet for student and faculty tenants. Each property in this portfolio has undergone extensive renovations, boasting modern upgrades and top-of-the-line mechanical systems, including roofs, porches plumbing and electrical. With sleek interiors, energy-efficient designs, turnkey condition, and ample off the street parking these units are primed for long term occupancy and value appreciation. Capitalize on strong rental demand, consistent cash flow, and proximity to vibrant academic and cultural hubs.
57 Pembroke Avenue, Providence, RI, 02908
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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