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234 Warren Avenue

East Providence, RI 02914
  • $750,000
  • STATUS: Active
  • ON SITE: 71 Days
  • MLS #: 1304586
UPDATED: 27 min ago
$750,000
  • 0
    BEDS
  • 0.1
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,000
    SQFT
  • $250
    $/SQFT
Type:
Commercial
Built:
1960
County:

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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© 2022 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 Edge Realty RI 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 Edge Realty RI. 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: 2022-05-18T19:38:06.063.
www.edgerealtyri.com/homes/126478046
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234 Warren Avenue East Providence, RI 02914

  • Price: $750,000
  • Status: Active
  • On Site: 71 Days
  • Updated: 27 min ago
  • MLS #: 1304586
0
Beds
0
Baths
0
½ Baths
0.1
Acres
3,000
SQFT
$250
$/SQFT
1960
Built
County:
Providence
Area:
East Providence
Property 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.
Exterior Features

Construction Materials Brick Fencing Fenced Foundation Details Block Parking Total 0

Interior Features

Basement Full Basement YN Yes Cooling Wall Unit(S) Heating Baseboard

Property Features

Business Type Retail Community Features Highway AccessNear HospitalNear SchoolsPublic TransportationHigh Traffic LocationStreet LightsSidewalks Electric 200+ Amp Service Gross Income 80400 Land Lease YN No Laundry Features Common Area Operating Expense 24705 Owner Pays HeatInsuranceSewerTaxesWater Possible Use ResidentialRetail Property Sub Type Commercial Security Features Security Service Sewer ConnectedPublic Sewer Tax Annual Amount 9048 Tax Assessed Value 342100 Tax Lot 011 Tax Year 2021 Tenant Pays ElectricityInsuranceTrash Collection Utilities Natural Gas AvailableMunicipal UtilitiesPhone AvailableWater ConnectedSewer Connected Water Source ConnectedPublic Zoning C3

Listing information © 2022 State-Wide Multiple Listing Service.
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© 2022 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 Edge Realty RI 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 Edge Realty RI. 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: 2022-05-18T19:38:06.063.
 
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Edge Realty RI
1007 Boston Neck Road
Narragansett RI, 02882