INVESTOR & DEVELOPER ALERT! Prime commercial lot located in the heart of downtown Providence, offering a rare opportunity for development. This property comes with approved plans for a 4-story mixed-use building, featuring 10 units total, including 8 residential units and 2 commercial spaces. With approvals already in hand, this lot presents an ideal investment for those looking to capitalize on Providence's growing downtown area. The location is bustling, with high foot traffic and easy access to local amenities. Don't miss out on this exceptional development opportunity to build in one of the most sought-after areas of the city! Please see MLS#1377696 and MLS#1377681 for other lots side by side, also with approvals in hand for 10 unit mixed use properties!
663 Plainfield Street, Providence, RI, 02909
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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