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In-PersonVirtual Tour
$ 1,500,000
Est. payment | /mo
3,255 SqFt
$ 1,500,000
Est. payment | /mo
3,255 SqFt
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 3,255 sqft
Price per Sqft $460
MLS Listing ID 1409537
Style Mid Rise
HOA Y/N No
Abv Grd Liv Area 3,255
Year Built 2024
Tax Year 2025
Lot Size 2,523 Sqft
Property Sub-Type Commercial
Property Description
Turnkey, high-yield 8-unit new construction investment ready for immediate cash flow. Nearing completion and already in the process of securing tenants, this asset eliminates lease-up risk and positions the next owner for instant income. Featuring a desirable mix of 1-bedroom and 2-bedroom units, the property caters to strong rental demand. A valuable 5-year tax stabilization agreement is in place, with taxes starting at just 20% in Year 1 and 40% in Year 2 dramatically boosting early returns and investor ROI. Priced at $1,750,000, this is an exceptional opportunity for a savvy investor to acquire a low-maintenance, income-producing asset with significant financial advantages and long-term appreciation potential.
Location
State RI
County Providence
Rooms
Basement Full
Exterior
Community Features Sidewalks
Utilities Available Sewer Connected
Building
Sewer Connected
Architectural Style Mid Rise
New Construction Yes
Others
Tax ID 241POCASSETAVPROV
Virtual Tour https://tour.RiLiving.com/241-Pocasset-Avenue-Providence-RI-02919
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Listed by Innovations Realty
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Mike And Lee Mita
Broker-Associate | Lic# REB.0016449