Multifamily Property For Sale - BANK OWNED - 13 Units

331-339 Douglas Ave, Providence, RI, 02908

 

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BANK OWNED - 13 Units

331-339 Douglas Ave, Providence, RI 02908

BANK OWNED - 13 Units
  • N/A
  • 13
  • 4,612 SF
  • Multifamily
  • Garden/Low-Rise
  • Investment
  • Yes
Last Verified  9/22/2009 Listing ID  16290832

Description

BANK-OWNED. Two-six unit buildings and a one-story store front that is currently occupied by a tenant paying $500/month. The residential units are vacant and had been renovated with newer kitchens and baths. One building just needs plumbing and heat. The other had freeze ups to the plumbing and heat that is gas FHW baseboard. Lender will finance 75% of sale price at 7.00% fixed for 5 years, 25 year amort. No loan fee, prepay, appraisal fee or personal guarantee.Lender will not finance renovations. Buyer must have funds and provide a plan for the work to be done. Lenders terms are non-negotiable.

Terms of sale: 3% earnest money due 2 days after P & S signed and non- refundable after D/D expires, 15 day due diligence (DD), 15 day closing, 30 day total Closing.

Lender will finance with these additional items: Offer must have letter detailing renovation costs, length of time to complete repairs, who will be monitoring repairs, buyer experience in renovation and evidence of funds to complete works or actual commitment letter from repair lender.

Providence, RI

Map of 331-339 Douglas Ave, Providence, RI 02908 (Providence County)

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Created 6/23/2009

Additional Information for 331 Douglas Avenue, Providence, RI 02908

  • Active For Sale - 0 Listing
  • Active For Lease - 0 Listing
  • Previously Listed - 1 Historic Listing
  • Sales Comparables Available - 1 RecentSales Record

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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.


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