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.
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