Mixed use multi in Providence

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30644156
Property Subtypes: Mixed Use
Status: Pending/Contingent
Number of Units: 3 Units
Building Size (RSF): 3,435 SF
Gross Land Area: 4,024 SF
Sale Price: $329,900
Unit Price: $109,966.67 Per Unit
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: 304 Prairie Avenue
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/7/2020

Overview / Comments

Mixed use commercial multi family property located on corner with large fenced in parking lot for approx 8 cars. Within walking distance to RI/Hasbro Hospitals, MET School, Downtown/Fox Point. First floor retail unit currently rented at below market price at $800. 2nd floor residential apt. rented below market at $850...(Option to sell partly furnished) and has 3 beds 1 full and 2 half baths. Should rent for $1100-$1200 per month. Third floor 3 bed 1 bath unit is vacant and should rent for 1100-1200 per month. OVER $9300.00 IN IMPROVEMENTS IN AUGUST 2020.Terrific Investment opportunity or Live/Work situation. Excellent choice for Physician, Hair salon, Barber, office, many options! Taxes do not reflect Owner Occupant rate. Fully Fired Coded Throughout. Come and see this well located property! Buyer to exercise due diligence. Call now for an appointment. Call agent for details.
Only Qualified or cash buyers please. Masks required please. No more than 2 people per showing. Visitors required to answer COVID Questionnaire before entering.

Additional Details

Nearest MSA: Providence-Warwick
County: Providence
Taxing Authority: City of Providence, Rhode Island
Tax ID/APN: PR 045-0442
Percent Occupied: 70%
Property Located Between: Hospital District
Highway Access: Easy access to Rt 195, Rt 95, Rt 10, Rt 146
Airports: TF Green Airport 15-20 minute drive
Area Description: This urban neighborhood is comprised of Multi and single family dwellings, Commercial buildings, on bus line. Walk to RI, Hasbro, and Women and Infants Hospitals and multiple medical buildings, Community Centers, The MET School, Public Schools, CCRI, and downtown Providence is a 12 minute walk.
Number of Stories: 3
Year Built: 1872
Roof Type: Gable

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 40,781 244,220 427,735
Median Age: 29.56 33.1 36.75
Households: 13,947 90,233 165,825


Photograph of Listing Agent

Ellen O'Donnell-Forte

Lila Delman Real Estate ECCPN Member
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