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1174 Douglas Avenue, Unit#r North Providence

$979,900
0 8,853 sq ft

The Property

Rare opportunity to acquire a unique commercial and residential property in North Providence, Rhode Island. This property is a must-see for any savvy investor looking for a lucrative return. Located at 1174 Douglas Avenue, this property is comprised of a 7,700 square foot Autobody shop/mechanic garage and a 2-unit multi-family residence situated on two abutting lots. The shop is fully equipped with all the necessary tools and equipment, including 2 lifts inside, one outdoor lift, two flatbed trucks, two forklifts, one 8000lb long forklift and a whole host of parts inventory (excluding used resale dealer cars).

The security camera system is operational. Autobody, mechanic, towing, salvage and dealer licenses are all active. This is a turnkey business ready to be taken over by an ambitious entrepreneur. The multi-family residence features two separate units, each with its own entrance and all utilities are separate. Currently, the two units generate rental income of $1,100 and $900 per month, respectively, leaving room for tremendous upside. These units are perfect for tenants looking for comfortable living spaces within close proximity to their workplace. Overall, this property presents a fantastic opportunity for a wide range of investors, from entrepreneurs looking to start their own business, to those looking to invest in a stable income-generating asset. Don’t miss out on this unique opportunity to acquire a property that will provide a consistent stream of income.

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Listing Details

MLS Number

1352045

Lot Size:

1.22 acres

Features

  • Garage
  • Heating: Forced Air
  • Laundry
  • Type: Auto Body,Auto Parts,Auto Related,Auto Repair-Specialty,Auto Service,Auto Tires,Auto Wrecking,Mixed Use,Multi Family,Salvage Yard
  • Year Built: 1965

Listed by Keller Williams Leading Edge

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