Building has a fixed rate 5.625% mortgage that can be assumed. Buyer must have good credit (700 FICO). Opportunity for a experienced investor to purchase for $365,000 and pay only closing costs to acquire. Conventional finacing would require a 20 or 30% downpayment. Building is in student friendly Federal Hill. Big demand for low priced condo's. 6 family in federal hill. All 3 bed units with massive parking lot. Condo papers in place. Firecoded. Separate gas and electric. Recent appraisal work on hand for $400k. Closing costs expected to be ~ 9-12K. Call Frank 508.740.5922 127 Tel St (google map) (yahoo map) it's NOT ok to contact this poster with services or other commercial interests rhodeisland