Prime Multi-Family Investment – 98, 100 & 102 Penn Street, Providence, RI **Rare opportunity to acquire three adjacent multi-family properties on Providence’s West Side. This income-producing portfolio includes: **98 Penn Street – A well-maintained three-family with (3) two-bedroom, one-bath units, hardwood floors, & updated mechanicals. ** 100 Penn Street – A newer construction two-family with modern, spacious units & contemporary finishes. **102 Penn Street – A large three-family with (2) three-bedroom, one-bath units & (1) two-bedroom, one-bath unit, featuring a maintenance-free exterior & ample parking. **With below-market rents, stable occupancy, & strong appreciation potential, this portfolio offers immediate cash flow & long-term value. Prime location near Atwells Ave, Broadway, downtown, & transit.
98-102 Penn 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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