Description
DON'T MISS THIS OPPORTUNITY! 6 Unit Mixed-Use Building located in East Providence Opportunity Zone. Building is comprised of 2 ground floor commercial units and 4 SPACIOUS apartments on second floor. Great opportunity to own an investment that is a true cash cow. Solid rental income of 82K in 2021 with the potential to increase it to 110K+ by raising the below market rents. The building boasts over 6,000 square feet of gross rentable living area. Long term tenants in place however there have been many recent upgrades to the building. The commercial unit featured in the photos was completely renovated with over 1,200 square feet of luxury vinyl flooring, shiplap accent wall, led lighting and much more. 4 of the 6 tenants are month to month (long term tenants). Rubber roof was installed in 2012 with 40 year warranty. Exterior rear of the building was vinyl sided and a new covered porch with staircase was recently installed. Conveniently located in the center of East Providence and walking distance to bus stops, East Bay Bike Path, Town Hall, Post Office, Library, public and private schools, Banks, Restaurants, coffee shops and several independent small businesses. Just minutes to highway and Brown University, RISD, PC and RI Hospital. Fire alarm serviced and maintained regularly. The Building is being Sold As Is.
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0BEDS
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0.1ACRES
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0BATHS
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01/2 BATHS
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3,000SQFT
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$250$/SQFT
School Ratings & Info
Description
DON'T MISS THIS OPPORTUNITY! 6 Unit Mixed-Use Building located in East Providence Opportunity Zone. Building is comprised of 2 ground floor commercial units and 4 SPACIOUS apartments on second floor. Great opportunity to own an investment that is a true cash cow. Solid rental income of 82K in 2021 with the potential to increase it to 110K+ by raising the below market rents. The building boasts over 6,000 square feet of gross rentable living area. Long term tenants in place however there have been many recent upgrades to the building. The commercial unit featured in the photos was completely renovated with over 1,200 square feet of luxury vinyl flooring, shiplap accent wall, led lighting and much more. 4 of the 6 tenants are month to month (long term tenants). Rubber roof was installed in 2012 with 40 year warranty. Exterior rear of the building was vinyl sided and a new covered porch with staircase was recently installed. Conveniently located in the center of East Providence and walking distance to bus stops, East Bay Bike Path, Town Hall, Post Office, Library, public and private schools, Banks, Restaurants, coffee shops and several independent small businesses. Just minutes to highway and Brown University, RISD, PC and RI Hospital. Fire alarm serviced and maintained regularly. The Building is being Sold As Is.
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