This 7-unit multi-family building in Woonsocket offers a fantastic investment opportunity, ideally located near major highways and local amenities. Each unit features 2 spacious bedrooms and 1 full bathroom, providing comfortable living spaces. Currently, 3 units are occupied, generating steady income, while 4 units are vacant and gutted, offering potential for renovations and increased value. With the units ready for completion, this property presents the chance to add significant value through updates. The building also includes 10 off-street parking spots, ensuring ample parking for residents. Whether you're looking to renovate and capitalize on the growing rental market or manage an income-producing property, this is an opportunity not to be missed.
188 Division Street, Woonsocket, RI, 02895
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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