East Side Mixed Use Investment

Multi-Family for Sale
Catylist Listing ID: 30660577
Property Subtypes: Low-Rise/Garden, Mixed Use, Student Housing
Number of Units: 9 Units
Building Size (RSF): 4,614 SF
Gross Building Area: See Agent
Gross Land Area: 0.21 Acres
Sale Price: $1,095,000
Unit Price: $121,666.67 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/23/2020

Overview / Comments

This 3-story mixed use property is located on the East Side of Providence on the highly visible Waterman Street. The property is 4,614± SF and was renovated in 2017. It consists of 6 professional offices on the first floor and 3 residential units; two 2-bedrooms on the 2nd floor and a 3 bedroom unit on the third floor. The property has rare off street parking for 15+ vehicles and is close to many amenities, with quick access to I-195 and downtown Providence.

Additional Details

Nearest MSA: Providence-Warwick
County: Providence
Tax ID/APN: PR 014-0536
Zoning: RESIDENTIAL - R3 (LEGAL NON-CONFORMING)
Percent Occupied: 100%
Total Number of Buildings: 1
Property Condition: Good
Number of Stories: 3
Year Renovated: 2017
Parking Type: Surface
Total Parking Spaces: 15

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 28,809 220,144 445,437
Median Age: 29.61 33.21 36.05
Households: 10,656 82,520 172,152

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