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74 Maple Avenue, Barrington, RI, 02806 | $495,000
Fully leased and income-generating, this well-maintained mixed-use property is ideal for investors seeking a strong addition to their portfolio. Situated in the heart of Barrington, close to the shopping, restaurants, the East Bay Bike Path, the Barrington River, and other local amenities, this property offers both convenience and long-term value. An established barbershop leases the ground level, and the second-floor unit features a charming 1-bedroom residential apartment, also leased. A private balcony off the second-floor unit and the shared ground-level lounge area provide a relaxing outdoor retreat for both tenants and customers. The property includes a spacious rear lot offering ample off-street parking. Each unit is equipped with separate electric meters, on-demand hot water, and electric heat, making utilities straightforward and cost-efficient to manage. Don't miss this gem schedule your private showing today!
Features
- Property Type: Commercial
- Permitted Use: Commercial,Mixed Use,Retail
- Construction: Frame
- Utilities: Electricity Available,Natural Gas Available,Natural Gas Connected,Sewer Connected
- Parking: 8-car
- Heating: Baseboard,Radiant
- Cooling: Wall Unit(s)
- Amenities: Golf,Highway Access,Marina,Near Hospital,Near Schools,Public Transportation,Recreation Area,Restaurant,Shopping,Tennis Court(s)
- Units: 2
- Zoning: B
- Year Built: 1922
- Acreage: 0.11
- Est. Taxes: $5,030
- MLS#: 1385278
- Website: https://www.raveis.com
/prop/1385278/74mapleavenue_barrington_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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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
74 Maple Avenue, Barrington, RI, 02806
$495,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $396,000 | $396,000 | $396,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.625% | 6.990% | 5.990% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.109% | 7.166% | 6.268% |
| Monthly Tax Payment | $419 | $419 | $419 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,536 | $2,632 | $3,340 |
| Total Monthly Payment | $3,030 | $3,126 | $3,834 |
* 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