RI > East Providence > Central
East Providence, RI 02914,124 Waterman AVE
East Providence, RI 02914,124 Waterman AVE
East Providence, RI 02914,124 Waterman AVE
East Providence, RI 02914,124 Waterman AVE
East Providence, RI 02914,124 Waterman AVE
East Providence, RI 02914,124 Waterman AVE
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L&L Homes Team

L&L Homes Team

+1(508) 649-5646
$ 699,000
Est. payment | /mo

3,134 SqFt

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$ 699,000
Est. payment | /mo
Save Virtual Tour

3,134 SqFt

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 3,134 sqft

Price per Sqft $223

Subdivision Central

MLS Listing ID 1380193

HOA Y/N No

Abv Grd Liv Area 3,134

Year Built 1910

Annual Tax Amount $9,710

Tax Year 2024

Lot Size 4,620 Sqft

Property Sub-Type Commercial

Property Description

This five-unit property in East Providence is an ideal investment opportunity. The units are in great condition. The property includes 11 off-street parking spots and a two-car garage that could generate extra income. It is located in a great area, making it even more appealing to potential tenants. This building has a proven record of strong rental history for over 20 years. The rents are currently lower than market value. The five units include four one-bedroom units and one two-bedroom unit. In addition to being in great condition, each unit has separate utilities and coin-operated laundry and storage in the basement. One unit is now available to rent, freshly painted, featuring a new bathroom floor and new toilet. It's available instantly with a revised rental rate at your chosen price to immediately boost the cap rate!

Location

State RI

County Providence

Community Central

Rooms

Basement Full

Interior

Heating Baseboard, Gas, Hot Water

Cooling None

Inclusions Each Unit include Ceiling Fans, Oven/Range, Refrigerator, 6 , 100 amp electrical boxes, 1 is for common use areas, 6 separate hot water tanks, 1 water tank is electric for laundry that owner pays.

Furnishings Unfurnished

Laundry Common Area, Laundry Room

Exterior

Community Features Golf, Highway Access, Marina, Near Hospital, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping, Tennis Court(s), Street Lights, Sidewalks

Utilities Available Electricity Available, Natural Gas Connected, Sewer Connected

Street Surface Asphalt

Total Parking Spaces 11

Building

Foundation Concrete Perimeter

Sewer Connected

Water Connected, Water Tap Fee

New Construction No

Others

Tax ID 124126WATERMANAVEPRO

Security Features Closed Circuit Camera(s),Fire Sprinkler System

Virtual Tour https://tour.RiLiving.com/124-Waterman-Avenue-East-Providence-RI-02914

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L&L Homes Team

Licensed in MA, CA, RI | License ID: 9527841

+1(508) 649-5646 | info@llhomesteam.com

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