New build opportunity on this large 5700 square foot lot. Located on a quiet street, this hard to find R-3 zoned lot has the potential to build a 3- family home. Conveniently located minutes to Rt. 146, I95, area hospitals, downtown Providence and Providence College! Survey, engineering, and site plan complete. Preliminary architectural drawings done but require approval with the City of Providence. Freestanding garage on property will need to be demolished in order to build. Seller able to close quickly. With housing in high demand, this lot presents a fantastic development project. Adjacent home is not part of this listing. Just the land with the driveway and freestanding garage.
Permitted Use
Multi-Family
Utilities
Electricity Available,Municipal Utilities,Phone Available,Water Connected
Amenities:
Highway Access, Near Hospital, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping
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Listing courtesy of Compass Massachusetts, LLC Phone: 401-274-1644
160 Chatham Street, Providence, RI, 02904
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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