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1755 Cranston Street, Cranston, RI, 02920 | $975,000
Attention Investors & Developers - Great investment opportunity! Conveniently located on Cranston Street abutting the newly restored City Park. City installed new sidewalks and street lamps. Mixed use property. Could be investment property, family compound or both! Property features 2 retail units with 2 apartments above, 2 single family homes and multi-car garage with loft all located on 12, 000+ lot. Lots of potential use. On site parking. The 4 residential units are currently rented and have separate utilities. One commercial unit is a bridal shop and the other one is used as storage. The 4 car garage currently is occupied by the Owner, but could be a source of rent/income. Near intersection of Phenix & Park Avenue with great visibility.
Features
- Property Type: Commercial
- Permitted Use: Commercial,Multi-Family,Mixed Use,Office,Residential,Retail,Single Family
- Construction: Brick,Other
- Utilities: Cable Available,Electricity Available,Natural Gas Available,Natural Gas Connected,Municipal Utilities,Phone Available,Water Connected,Sewer Connected
- Parking: 10-car
- Heating: Baseboard,None,Steam
- Cooling: None
- Amenities: Highway Access,Near Schools,Public Transportation,Recreation Area,Restaurant,Tennis Court(s),Street Lights,Sidewalks
- Units: 3
- Year Built: 1912
- Acreage: 0.28
- Est. Taxes: $10,777
- MLS#: 1377845
- Website: https://www.raveis.com
/prop/1377845/1755cranstonstreet_cranston_ri?source=qrflyer
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William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Customer Service
888.699.8876
Contact@raveis.com
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- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
1755 Cranston Street, Cranston, RI, 02920
$975,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $780,000 | $780,000 | $780,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.625% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.614% | 6.739% | 6.183% |
| Monthly Tax Payment | $898 | $898 | $898 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,429 | $4,994 | $6,582 |
| Total Monthly Payment | $5,419 | $5,984 | $7,572 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB