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2 Oakleigh Avenue North Providence

$1,899,000
0 10,890 sq ft

The Property

CALL FOR OFFERS DUE SUNDAY JULY 2ND BY 8 PM. Assumable Freddie Mac Debt at 3.66% interest, 30 Year amortization, maturity in September 2031, Interest only payments through September 2024, balance $1,277,000! Rare legal 12-unit fully renovated in past 5 years with gorgeous new kitchens, baths, flooring, heating systems etc. Each of these 2 bedroom / 1 bath townhome style apartments boasts a full private basement with laundry hookups, open floor plan on main level with large eat-in kitchen and living room. Kitchens have new cabinets, granite counters, full stainless steel appliance suite including over the range microwave, dishwashers, refrigerator and oven.

The second floor features a full bath and 2 bedrooms. There are a total of 18 dedicated parking spaces available for the 12 units. This is a perfect mix of turnkey and value-add. Turnkey in that renovations are complete on all 12 units, value-add in room to increase rents, charge for parking etc. Total proforma income of more than $230,000 with current income of just under $200,000. These apartments were renovated with 3 high efficiency heating systems which provide heat to all 12 units so heat and hot water is included in rent. Tenants pay their own electricity. This property is fully fire coded located very close to Smithfield line.

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Listing Details

MLS Number

1335803

Lot Size:

0.25 acres

Features

  • Basement: Full
  • Heating: Baseboard, Forced Water
  • Laundry
  • Type: Apartment,Town House
  • Year Built: 1905

Market Trends for Commercial Properties
in North Providence

  • Overview
    Homes for Sale Today20-87.9% decrease in inventory
    New on Market *8700% increase in new listings
    Avg. Asking Price/Sq.Ft. *$128.86$129 increase in List Price/Sq.Ft.
    Avg. Sale Price *$660,000$292,000 decrease in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *92.86%-7.3% decrease in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$210.53$211 increase in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *8850 increase in days on market

    * All data is calculated based on the last 30 days

  • Avg. Sale Price
  • Avg. Days on the Market
  • New Market Inventory
  • Lila's Estimate

    Realtors Property Resource

    This is an estimate home valuation provide by RPR. It is based on RPR’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    ...

    Zillow

    This is an estimate home valuation provide by Zillow. It is based on Zillow’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    Real value?

    Contact Us

    Online estimates take you only so far. One of our associates can give you a market analysis of what your homes value.

Listed by Premier Properties RI

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