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103 Waterman Avenue

North Providence, RI 02911
  • $559,900
  • STATUS: Active
  • ON SITE: 64 Days
  • MLS #: 1321161
UPDATED: 196 min ago
$559,900
  • 0
    BEDS
  • 0.36
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,960
    SQFT
  • $113
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1977
County:

School Ratings & Info

Description

Calling all investors, mixed use property in the heart of Centerdale. Package includes the Posillipo Ristorante building which consists of two commercial units combined into one, turn key longstanding establishment, an existing 3 family house and an extra lot currently utilized as additional parking for the restaurant. Seller to convey majority of FF&E displayed in pictures with sale of restaurant, which would effectively a turn key operation or change back to multiple units. The possiblities with the extra lot creates additional options and utility. Three family included in sale is detached with plenty of independent parking to seperate the entities and also includes a storage unit. Tenants are longstanding in two of the three occupied units on month to month leases. Attractive unit pricing when you consider the potential of leasing or owner operating the restaurant and collecting the rents, while investing into an attractive area worthwhile to spend your time. On top of that, this property pencils to cash flow well better than 1% monthly at asking price and so you are looking at upside and should be worth your while to consider if you're a cash flow king. Solid investment into the North Providence community, don't miss your shot!

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© 2022 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than Onshore Realtors are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or Onshore Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2022-12-03T23:37:32.217.
www.onshorerealtors.com/homes/133550455
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103 Waterman Avenue North Providence, RI 02911

  • Price: $559,900
  • Status: Active
  • On Site: 64 Days
  • Updated: 196 min ago
  • MLS #: 1321161
0
Beds
0
Baths
0
½ Baths
0.36
Acres
4,960
SQFT
$113
$/SQFT
1977
Built
Neighborhood:
Centerdale
County:
Providence
Area:
North Providence
Property Description
Calling all investors, mixed use property in the heart of Centerdale. Package includes the Posillipo Ristorante building which consists of two commercial units combined into one, turn key longstanding establishment, an existing 3 family house and an extra lot currently utilized as additional parking for the restaurant. Seller to convey majority of FF&E displayed in pictures with sale of restaurant, which would effectively a turn key operation or change back to multiple units. The possiblities with the extra lot creates additional options and utility. Three family included in sale is detached with plenty of independent parking to seperate the entities and also includes a storage unit. Tenants are longstanding in two of the three occupied units on month to month leases. Attractive unit pricing when you consider the potential of leasing or owner operating the restaurant and collecting the rents, while investing into an attractive area worthwhile to spend your time. On top of that, this property pencils to cash flow well better than 1% monthly at asking price and so you are looking at upside and should be worth your while to consider if you're a cash flow king. Solid investment into the North Providence community, don't miss your shot!
Exterior Features

Construction Materials Brick Foundation Details Block Parking Total 24

Interior Features

Cooling Central Air Heating Forced Air

Property Features

Association Amenities Restaurant Business Type Restaurant Community Features Highway AccessNear SchoolsPublic TransportationRecreation AreaRestaurantShopping Electric 200+ Amp Service Land Lease YN No Possible Use CommercialDevelopmentInvestmentMulti-FamilyMixed UseOfficeResidential Property Sub Type Commercial Sewer Connected Tax Annual Amount 13090.65 Tax Assessed Value 443000 Tax Lot 370 Tax Year 2022 Utilities Natural Gas ConnectedSewer Connected Water Source Connected

Listing information © 2022 State-Wide Multiple Listing Service.
Listing provided courtesy of Century 21 Shoreline: [IDXCONTACTINFORMATION].





© 2022 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than Onshore Realtors are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or Onshore Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2022-12-03T23:37:32.217.
 
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Onshore Realtors
57 Shore Rd, Suite B
Westerly RI, 02891