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1174 Douglas Avenue , R

North Providence, RI 02904
  • $979,900
  • STATUS: Active
  • ON SITE: 27 Days
  • MLS #: 1352045
UPDATED: 50 min ago
$979,900
  • 0
    BEDS
  • 1.21
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 8,853
    SQFT
  • $111
    $/SQFT
Type:
Commercial
Built:
1965
County:

School Ratings & Info

Description

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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[Rhode Island Statewide MLS] logo

© 2024 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 Remax Preferred - The Mercurio Group 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 Remax Preferred - The Mercurio Group. 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: 2024-02-29T20:37:41.803.
www.mercuriogroup.com/homes/147167850
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1174 Douglas Avenue , R North Providence, RI 02904

  • Price: $979,900
  • Status: Active
  • On Site: 27 Days
  • Updated: 50 min ago
  • MLS #: 1352045
0
Beds
0
Baths
0
½ Baths
1.21
Acres
8,853
SQFT
$111
$/SQFT
1965
Built
County:
Providence
Area:
North Providence
Property Description
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.
Exterior Features

Construction Materials Frame Foundation Details See Remarks Garage YN Yes Levels One Parking Total 20

Interior Features

Cooling None Cooling YN No Heating Forced Air Heating YN Yes

Property Features

Business Type Auto Body Auto Parts Auto Repair Specialty Auto Service Mixed Community Features Highway Access Near Hospital Near Schools Public Transportation Electric Item3 Phase Circuit Breakers Human Modified YN No Land Lease YN No Laundry Features In Unit New Construction YN No Possible Use Automotive Commercial Property Sub Type Commercial Road Frontage Type State Road Security Features Closed Circuit Cameras Sewer Connected Sanitary Structure Type Multi Family Tax Annual Amount 156 Tax Assessed Value 723600 Tax Lot 350 /457 Tax Year 2022 Utilities Electricity Available Natural Gas Connected Municipal Utilities Water Connected Sewer Connected Water Source Connected Public

[Rhode Island Statewide MLS] logo Listing information © 2024 State-Wide Multiple Listing Service.
Listing provided courtesy of Keller Williams Leading Edge: .



[Rhode Island Statewide MLS] logo

© 2024 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 Remax Preferred - The Mercurio Group 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 Remax Preferred - The Mercurio Group. 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: 2024-02-29T20:37:41.803.
 
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Remax Preferred - The Mercurio Group
641 Armistice Blvd.
Pawtucket RI, 02861