71 Newark ST Providence, RI 02908

$1,250,000
71 Newark ST, Providence, RI 02908
1194824

Commercial Property for sale in Providence, RI

for $1,250,000. This building was built in 1988.

Property Information

  • $1,250,000
  • Commercial
  • Taxes are $26,398
  • Active
  • 2 Floors
  • Built in 1988
  • Providence, RI
  • Valley Neighborhood
  • Providence County
  • MLS/Web ID is 1194824

 Virtual Tour

Description

Excellent income opportunity at this 12 unit building with views of downtown Providence & "The Super Man Building". Built in 1988, this property is lead free and provides plenty of other more modern features. Each unit is separately metered for gas, electric, and even private laundry hook ups! Tenants pay their own utilities! Boilers were replaces within the last 2-6 years. Six 2 bedroom units with 2 FULL BATHS, six 1 bedroom + den units. Property provides ample balcony space for each unit as well as a shared fenced-in yard. Off street parking for 12+ cars! This property's convenient location and accessibility to public transportation provides many possibilities for rental income and great tenants. Just 5 minutes to popular Federal Hill/West Side locations, downtown Providence, train station, The State House, PPlace Mall, & Waterplace Park! 6-10 minutes to area universities including Johnson & Wales, Providence College, RI College, RISD, Brown University, and the Alpert Medical School. 4-10 minutes to all area medical centers & Hospitals including the VA, RI Hospital, Women & Infants, and Hasbro Children's. Easy access to Rt 10 & 95. Plenty of room for rent roll improvement! Low maintenance property!

Interior 5

Basement

  • Full Basement

Building Amenities

  • Laundry In Each Apartment

Heating System

  • Baseboard
  • Steam

Sewer

  • Municipal

Water Source

  • Community Water
  • Connected

Exterior 4

Construction

  • Brick
  • Masonry

Foundation

  • Concrete

Parking

  • 1-20 Parking Spaces

Road Frontage

  • Municipal Road
  • Near Interstate Exit

Miscellaneous 4

Location

  • Freestanding
  • Near Highway
  • Near Hospital
  • Near Shopping
  • Urban

Public Transportation Location

  • Close to Bus

Restrictions

  • No Pets
  • Smoking Restricted

Utilities

  • Electric 100 Amps
  • Gas

Rental 2

Landlord Pays

  • Sewer
  • Taxes
  • Trash/Garbage Pickup
  • Water

Tenant Pays

  • Electric
  • Heating

† Excluded Feature

Listed By

Broker: RENTPROV REALTY

71 Newark ST, Providence, RI, 02908 is a Commercial Property for sale at $1,250,000. 71 Newark ST has 0.0 baths and was built in 1988. The property's zip code is 02908 which is in Providence, RI

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Market Pricing

Average % of sale price Median % of sale price
All listings in Providence $349,083 72 % below $250,000 80 % below
Commerical listings in Providence $508,123 59 % below $434,900 65 % below

Get the facts about Providence, RI!

Population 176,653
Population Growth (since 2000) 2 %
Median Income $39,598
Median Age 30.57
Households w/ Children 31 %

Residential Dwellings

  • Owned 22092
  • Vacant 8097
  • Rented 40233

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or Call us at 1-800-839-1363