853 Broadway East Providence, RI 02914

For sale for $439,900 - MLS # 1294945

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853 Broadway
East Providence, Rhode Island RI 02914
Sold For: $417,500
Listing ID 1294945 Status Closed 11/18/2021 Sold Date 4 Bedrooms 4 Full Baths 3,227 SqFt 0.220 Acres

Property Description:

CALLING ALL INVESTORS! Cash flow positive from Day 1. Legal 4 unit rented well below market with all long-term tenants. All 4 units are "studio-style" with combined living/bedroom areas, separate from kitchen and bathroom. Additional income potential with huge 3 car garage and additional living area in lower level with full bath, kitchen, living area and two separate rooms as well as billboard income. There is also a three year old PV Solar Panel System which produces approximately 80% of the electricity cost which will be owned outright at closing. Contact today to schedule your private viewing.

Primary Features

County: Providence
Property Sub Type: Multi Family
Property Type: Residential Income
Year Built: 1970
Zoning: C1

Interior

Appliances: Gas Water Heater, Microwave, Oven, Range, Refrigerator, Water Heater
Basement Type: Exterior Entry, Full, Finished, Interior Entry
Buyer Financing: FHA, VA
Cooling Type: 1 Unit
Door Features: Storm Door(s)
Electric: 100 Amp Service, Circuit Breakers
Fireplace Features: None
Flooring: Ceramic Tile, Hardwood, Laminate
Heating Type: Baseboard, Gas, Hot Water
Interior Features: Tub Shower, Cable TV
Living Area Source: Public Records
Utilities: Sewer Connected
Rooms Total: 8
Stories Total: 2
Window Features: Thermal Windows

External

Construction Materials: Drywall, Plaster, Vinyl Siding
Covered Spaces: 3
Foundation Details: Concrete Perimeter
Garage Spaces: 3
Lot Features: Paved
Number Of Buildings: 1
Number Of Units Total: 4
Parking Features: Detached, Garage
Parking Total: 13
Water Source: Connected

Location

Community Features: Golf, Highway Access, Near Schools, Public Transportation, Recreation Area, Shopping
Lot Size Square Feet: 9585
Other Structures: Outbuilding

Additional

Mls Status: Closed
Permission: IDX
Possession: Negotiable
Sewer: Connected

Financial

Operating Expense: 4000
Owner Pays: Hot Water
Tax Annual Amount: 8855
Tax Assessed Value: 334800
Tax Block: 12
Tax Lot: 001
Tax Year: 2021

Zoning Info


Area Info


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. Information is deemed reliable but is not guaranteed. © 2024 RI State-Wide MLS (RIS). All rights reserved. Listed by Empire Real Estate Group. Data last updated: Friday, March 29th, 2024 at 10:29:44 AM.

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