Available property consists of 5 separate but contiguous lots. Leo Tire Sales and Auto Service Center at 1791 Elmwood Ave; A single family residence at 1809 Elmwood Ave; Lots 406, 407 & 408 which are adjacent to the single family. All together, the available lots total just shy of an acre of corner property at 39,200sq and provide approximately 400 linear feet of street frontage, with 5 curb cuts. Leo's Tire includes the repair shop of 4400sq' and its contents. The lot can park about 35 cars, without obstructing the use of the garages and flow of traffic around the business. This parcel does have a sewer connection which could be made to serve a developmentthat included the other 4 lots. The two-family residence a 1925 built, 1711sq', 3br & 1.5 bath, conventional style home and is occupied month to month. The three lots are newly fenced and paved with reclaim. They are approximately 50' x 90' each. The area is zoned for General Business which encompasses a myriad of different uses.
1791 Elmwood Avenue, Warwick, RI, 02888
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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