Golf Course
Address
2 Oakleigh Avenue, North Providence, RI
Price
$ 1,899,000
Property Attributes
- MLS#1335803
- TypePending
- CountyPROVIDENCE
- CityNorth Providence
- Zip02911
- StyleCommercial
- Year Built1905
- Taxes$ 19252
- Price$ 1,899,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size10,890 SqFt
Data Source:
Rhode Island Statewide MLS (RIAR)
Property Description
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.
| Price History | |
|---|---|
| 6/1/2023 | Listed $1,899,000 |
General Features
| Sewer | Connected,Sanitary |
|---|---|
| Heating | Baseboard,HotWater |
| Cooling | None |
| Utilities | ElectricityAvailable,NaturalGasAvailable,NaturalGasConnected,SewerConnected |
| Possession | Negotiable |
| HOA | 0.0 |
| Security Features | CarbonMonoxideDetectors,FireAlarm,FireEscape,SmokeDetectors |
| Construction Materials | Frame |
| Year Built | 1905 |
| Electric | Item100AmpService,CircuitBreakers |
| Tenant Pays | Electricity |
| Stories | 2 |
| Levels | Two |
| Property SubType | Commercial |
| Tax Year | 2022 |
| Gross Income | 196860.0 |
| OwnerPays | Gas,GroundsCare,Heat,HotWater,Insurance,Management,PestControl,Repairs,RoofMaintenance,SnowRemoval,Sewer,Taxes,TrashCollection,Water |
| Community Features | Golf,HighwayAccess,NearHospital,NearSchools,PublicTransportation,RecreationArea,Restaurant,Shopping,TennisCourts |
| Assoc Fee Paid Per | Annually |
| County | Providence |
| New Construction | No |
| Property Type | CommercialSale |
| HOA / Comm Assn | No |
| Attached Garage | No |
| Garage Y/N | No |
| Status | Pending |
| City | North Providence |
| View Y/N | No |
| Senior Community Y/N | No |
| Lot Size Square Feet | 10890.0 |
| Waterfront Y/N | No |
| Carport Y/N | No |
| Number of Units Leased | 12 |
| Street Name | Oakleigh |
| Property Attached Y/N | Yes |
| Land Lease Y/N | No |
| Tax Annual Amount | 19252.0 |
| Electric Expense | 0.0 |
| Home Warranty Y/N | No |
| Lease Renewal Y/N | No |
| Additional Parcels Y/N | No |
| Lease Considered Y/N | No |
| Rent Control Y/N | No |
| Virtual Tour | https://tour.RiLiving.com/2-Oakleigh-AV-North-Providence-RI-02911 |
| Days on Market | 53 |
| Structure Type | Apartment,Townhouse |
| Lease Type | Gross |
| Standard Status | Pending |
| Occupancy Type | Tenant |
| Tax Assessed Value | 651500 |
| Tax Lot | 625 |
| Ownership Type | LLC |
| MobileHomeRemainsYN | No |
Interior Features
| Basement | Full |
|---|---|
| Total Stories | 2 |
| Basement (Y/N) | Yes |
| Air Conditioning Y/N | No |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Above Grade Finished Area | 0.0 |
| BuyerOfficeEmail | [email protected] |
| Street Suffix | Avenue |
| Laundry Features | InUnit |
| Electric On Property Y/N | No |
Exterior Features
| Water Source | Connected |
|---|---|
| Total Parking | 18.0 |
| Lot Size Area | 10890.0 |
| Foundation Details | Combination |
| Number of Buildings | 1 |
| Spa | No |
| Building Area Total | 0.0 |
| Lot Size Units | SquareFeet |
| Crops Included Y/N | No |
| Open Parking Y/N | No |
| Horse Y/N | No |
| Irrigation Water Rights Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Pending Average in 02911
Price
Taxes
Visits
Year Built
Walkscore
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