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64 Mill Street

Johnston, RI 02919
  • $1,300,000
  • STATUS: Active
  • ON SITE: 121 Days
  • MLS #: 1341145
$1,300,000
  • 0
    BEDS
  • 0.89
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1880
County:
Area:

School Ratings & Info

Description

ATTENTION INVESTORS: Prime opportunity for High-Yield Investment! Introducing a meticulously approved building project with immense potential for LUCRATIVE returns. This exceptional property offers an ideal canvas for a 16 unit buildout, presenting unparalleled investment opportunity in a thriving location. Key Features: 1.Zoning and Approvals: The building has obtained all necessary permits and approvals for the construction of 16 residential units. This eliminates significant hurdles and streamlines the development process. 2.Location, Location, Location: Situated in a sought-after area, the property benefits from its proximity to major transportation routes, renowned schools, vibrant shopping centers, and recreational amenities. Its strategic location ensures a steady demand for housing making it an ideal investment choice. Design and Layout: Impeccable architectural plans are in place, optimizing the use of space and ensuring desirable unit layouts. The thoughtfully designed floor plans maximize functionality while maintaining a modern esthetic, appealing to potential tenants or buyers. Market Demand: Extensive market research indicates a strong demand for quality housing in this area. The projected rental rates and potential resale values are expected to generate attractive long-term cash flows and significant appreciation Don't miss out on this exceptional investment opportunity!

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[Rhode Island Statewide MLS] logo

© 2023 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: 2023-12-05T23:37:32.573.
www.onshorerealtors.com/homes/142187836
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64 Mill Street Johnston, RI 02919

  • Price: $1,300,000
  • Status: Active
  • On Site: 121 Days
  • MLS #: 1341145
0
Beds
0
Baths
0
½ Baths
0.89
Acres
1880
Built
County:
Providence
Area:
Johnston
Property Description
ATTENTION INVESTORS: Prime opportunity for High-Yield Investment! Introducing a meticulously approved building project with immense potential for LUCRATIVE returns. This exceptional property offers an ideal canvas for a 16 unit buildout, presenting unparalleled investment opportunity in a thriving location. Key Features: 1.Zoning and Approvals: The building has obtained all necessary permits and approvals for the construction of 16 residential units. This eliminates significant hurdles and streamlines the development process. 2.Location, Location, Location: Situated in a sought-after area, the property benefits from its proximity to major transportation routes, renowned schools, vibrant shopping centers, and recreational amenities. Its strategic location ensures a steady demand for housing making it an ideal investment choice. Design and Layout: Impeccable architectural plans are in place, optimizing the use of space and ensuring desirable unit layouts. The thoughtfully designed floor plans maximize functionality while maintaining a modern esthetic, appealing to potential tenants or buyers. Market Demand: Extensive market research indicates a strong demand for quality housing in this area. The projected rental rates and potential resale values are expected to generate attractive long-term cash flows and significant appreciation Don't miss out on this exceptional investment opportunity!
Exterior Features

Architectural Style Loft Construction Materials Brick Masonry Foundation Details Brick Mortar Frontage Length 15910 Levels Two Parking Total 0

Property Features

Community Features Near Schools Public Transportation Recreation Area Restaurant Shopping Human Modified YN Yes Land Lease YN No New Construction YN No Property Sub Type Commercial Road Surface Type Concrete Paved Sewer None Structure Type Apartment Tax Annual Amount 2878 Tax Assessed Value 940000 Tax Lot 311 Tax Year 2023 Utilities Electricity Available Natural Gas Not Available Sewer Not Available Water Available Zoning I

[Rhode Island Statewide MLS] logo Listing information © 2023 State-Wide Multiple Listing Service.
Listing provided courtesy of Homesmart Professionals: 401-921-5011.



[Rhode Island Statewide MLS] logo

© 2023 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: 2023-12-05T23:37:32.573.
 
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Onshore Realtors
57 Shore Rd, Suite B
Westerly RI, 02891