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Large 3 unit in Smith Hill with many updates including **new roof**, beautiful granite countertops, modern finishes, newer bathrooms, fresh paint, new vinyl flooring in select units and stainless steel appliances. Large 3 car garage, rent out for extra income. Coin operated laundry in basement. New lead certificates will be provided upon closing for the next owners convenience. Extra space in walk up attic and basement for storage or flex space. Enjoy stunning city views from the inviting front porch. This home is a true money-maker, offering three large units perfect for maximizing rental income. Live in one and let the others pay your mortgage or add this prime property to your growing portfolio. Convenient Location minutes to Downtown Providence, quick ride to Federal Hill, 8 mins to East Side, 45 mins to Boston and 45 mins to Rhode Island's beautiful beaches. Don't miss out on this incredible opportunity to own a large multi in a thriving Providence rental market. Schedule your showing today!
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Our Executive Mortgage Banker:
Our Insurance Division:
$689,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 860.625.5780
Brianna.Turgeon@raveis.com
NMLS Mortgage Loan Originator ID 2104486
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $551,200 | $551,200 | $551,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.990% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.095% | 7.141% | 6.152% |
Monthly Tax Payment | $523 | $523 | $523 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,484 | $3,663 | $4,614 |
Total Monthly Payment | $4,099 | $4,278 | $5,229 |
* 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.