Providence Mixed-Use

Multi-Family for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30381204
Property Subtypes: Duplex/Fourplex, Mixed Use
Number of Units: 6 Units
Building Size (RSF): 5,852 SF
Gross Building Area: See Agent
Sale Price: $400,000
Unit Price: $66,666.67 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 9.38%
Last Updated: 8/10/2020

Overview / Comments

This mixed-use property in Providence is 5,852± square feet and located on the corner of Cerest Street and Douglas Avenue. The property is comprised of 2 commercial units on the ground level and 4 residential units on the upper floors. It is in a highly traveled area, near a heavily commercialized intersection. There is opportunity for prominent signage and visibility is abundant. The unit is also near two bus stops. Surrounding the property are businesses like Lili Wok, Louis Tavern, Walgreens, Western Union, and various others. Fully occupied this property yields a 9.38% cap rate.

Additional Details

Nearest MSA: Providence-Warwick
County: Providence
Tax ID/APN: PR 070-0124
Zoning: RESIDENTIAL - R3
Total Number of Buildings: 1
Number of Stories: 3
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 37,356 259,056 435,164
Median Age: 31.25 33.7 35.79
Households: 13,404 98,611 168,116

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