Description
Why Rent When You Can Own? Prime location within walking distance to Downtown Providence, Amenities on Westminster Street & numerous restaurants and shops on Broadway and Federal Hill! A short commute to Rhode Island Hospital, area schools and the Bay! Convenient highway access. Private entrance from courtyard and laundry located in unit plus access to a rooftop deck. Income and Resale Restrictions apply. This is an affordable housing unit. There are income guidelines that a qualified buyer must meet but also offers a silent second lien in the amount of $56k that does not accrue interest and is able to go towards your purchase for a unique opportunity to own your own home--this means that while the purchase price is $153,900 the mortgage would be based upon $97,900 minus any additional downpayment! Maximum allowed income for a single person is $48,450 or $56,020 for a two person household for this unit.
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1BEDS
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N/AACRES
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1BATHS
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01/2 BATHS
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942SQFT
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$163$/SQFT
School Ratings & Info
Description
Why Rent When You Can Own? Prime location within walking distance to Downtown Providence, Amenities on Westminster Street & numerous restaurants and shops on Broadway and Federal Hill! A short commute to Rhode Island Hospital, area schools and the Bay! Convenient highway access. Private entrance from courtyard and laundry located in unit plus access to a rooftop deck. Income and Resale Restrictions apply. This is an affordable housing unit. There are income guidelines that a qualified buyer must meet but also offers a silent second lien in the amount of $56k that does not accrue interest and is able to go towards your purchase for a unique opportunity to own your own home--this means that while the purchase price is $153,900 the mortgage would be based upon $97,900 minus any additional downpayment! Maximum allowed income for a single person is $48,450 or $56,020 for a two person household for this unit.
The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2022-08-17T15:06:06.967.