255-0 Farmington Ave
Cranston, RI 02920
3
Bedrooms
2
Bathrooms
1,549
Sq Ft
1920
Year Built
About This Property
MOVE RIGHT IN! THIS HOME QUALIFIES FOR A SPECIAL FIRST TIME HOME BUYER PROGRAM THROUGH WASHINGTON TRUST BANK, WHICH FEATURES A 5.125% INTEREST RATE FIXED FOR 30 YEARS, NO MONEY DOWN, NO POINTS, NO PMI & CLOSING COST ASSISTANCE FOR QUALIFIED BUYERS. This well maintained 2 family home is being sold with an additional lot and a 3 car garage. Many potential options for expansion including converting the 3 car garage into an ADU (2 floors?), splitting lot off and building another home, expanding existing home, etc. The current 2 family home features a first floor unit in excellent condition with high ceilings, natural light, hardwood floors, stainless appliances & more. The first floor unit enjoys the use of the full basement with laundry & storage. The second floor unit is in great shape and ready to be rented. It also features lots of natural light, hardwood floors, functional kitchen/bath and a 2nd floor balcony for private outdoor space. Also offering a low maintenance exterior, ample parking, separate utilities, natural gas & more. Many possibilities with this offering - live just the way it is for less, expand, invest, etc. Seller financing potentially available.
Property Details
Property Type
Multi-Family
Year Built
1920
Lot Size
7,200.468 sq ft
HOA
None
Listed Price
$599,000
Owner Financing Terms
Why Owner Financing?
- ✓ No bank qualifying
- ✓ Bad credit OK
- ✓ Fast closing
- ✓ Flexible terms
Free account - No credit card required
Frequently Asked Questions About Owner Financing in Cranston
What is owner financing for 255-0 Farmington Ave?
Owner financing means the seller of 255-0 Farmington Ave acts as the lender. Instead of getting a mortgage from a bank, you make monthly payments directly to the property owner. This property in Cranston, RI is available with owner financing terms.
Do I need good credit for owner financing?
No! One of the biggest advantages of owner financing is that you typically don't need to qualify through a bank. This makes it possible to buy a home even with bad credit, no credit history, or self-employment income that's hard to document.
How much is the down payment for this Cranston home?
Down payment terms are negotiable. Sign up for free to get the specific financing details for this Cranston property.