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234 Warren Avenue

East Providence, RI 02914
  • $750,000
  • STATUS: Active
  • ON SITE: 84 Days
  • MLS #: 1304429
UPDATED: 6 min ago
$750,000
  • 5
    BEDS
  • 0.1
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
  • 9,352
    SQFT
  • $80
    $/SQFT
Type:
Multi-Family
Built:
1940
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 Barrows Team Realty | Keller Williams Realty Leading Edge 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 Barrows Team Realty | Keller Williams Realty Leading Edge. 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: 2022-05-28T16:37:40.97.
www.barrowsteamrealty.com/homes/126409556
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234 Warren Avenue East Providence, RI 02914

  • Price: $750,000
  • Status: Active
  • On Site: 84 Days
  • Updated: 6 min ago
  • MLS #: 1304429
5
Beds
5
Baths
0
½ Baths
0.1
Acres
9,352
SQFT
$80
$/SQFT
1940
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 BrickVinyl Siding Covered Spaces 0 Exterior Features Deck Foundation Details Concrete Perimeter Garage YN No Levels One Parking Features Garage Door Opener Parking Total 0 Patio And Porch Features Deck

Interior Features

Appliances Common Water HeaterElectric Water Heater Basement Exterior EntryInterior EntryPartialUnfinished Basement YN Yes Cooling 1 UnitWall Unit(S) Fireplace Features None Fireplace YN No Fireplaces Total 0 Flooring CarpetVinyl Heating BaseboardOil

Property Features

Community Features Highway AccessNear HospitalNear SchoolsPublic TransportationShopping Electric 200+ Amp Service Land Lease YN No Laundry Features Common Area Operating Expense 24705 Property Sub Type Multi Family Senior Community YN No Sewer ConnectedPublic Sewer Structure Type Apartment Tax Annual Amount 9048 Tax Assessed Value 342100 Tax Lot 011 Tax Year 2021 Utilities Sewer 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 Barrows Team Realty | Keller Williams Realty Leading Edge 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 Barrows Team Realty | Keller Williams Realty Leading Edge. 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: 2022-05-28T16:37:40.97.
 
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Barrows Team Realty | Keller Williams Realty Leading Edge
14 Breakneck Hill Road, Suite 101
Lincoln RI, 02865