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1174 Douglas AV, Unit#R Douglas Avenue UNIT R, North Providence, Commercial/Business

$ 979,900
1174 Douglas AV, Unit#R Douglas Avenue UNIT R,
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Overview

  • Updated On:
  • February 12, 2024

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.

Address: 1174 Douglas AV, Unit#R Douglas Avenue UNIT R
State/County:
Zip: 02904
Country: US
Open In Google Maps
Property Id : 748772
Price: $ 979,900
Property Lot Size: 1 ft2
Bridge Modification Timestamp: 2024-02-12T05:31:34.184Z
Building Area Total: 8853
Building Features: Garage
Building Name: D'agostino's Plaza
Business Name: D'Agostino's Auto Sales & Salvage
Business Type: Auto Body,Auto Parts,Auto Related,Auto Repair-Specialty,Auto Service,Auto Tires,Auto Wrecking,Mixed,Salvage Yard
Community Features: Bus,Commuter Bus,Highway Access,Hospital,Interstate,Public School
Construction Materials: Frame
Contract Status Change Date: 2024-02-01
Cooling: None
Door Features: Loading Door
Electric: 3 Phase,Circuit Breakers,Individual Meter
Foundation Details: Unknown
Gas: Connected
Heating: Forced Air
Laundry Features: In Unit
List Agent Direct Phone: 401-334-3334
List Agent Email: Showings@Spectrumrec.com
List Agent Full Name: Spectrum Real Estate Consultants Team
Listing Contract Date: 2024-02-01
Listing Id: 1352045
Living Area Units: Square Feet
Lot Features: Free Standing
Lot Size Area: 52969
Lot Size Square Feet: 52969
Lot Size Units: Square Feet
Mls Status: Active
Modification Timestamp: 2024-02-12T05:31:23.530Z
Number Of Buildings: 2
Number of Units in Community: 3
Number of Units Total: 2
Original Entry Timestamp: 2024-02-01T15:10:57.013Z
Original List Price: 979900
Parking Total: 20
Possible Use: Automotive,Commercial,Automotive
Road Frontage Type: State Road
Security Features: Closed Circuit Camera(s)
Sewer: Connected
State or Province: RI
Status Change Timestamp: 2024-02-01T15:10:57.013Z
Stories Total: 1
Street Name: Douglas
Street Number: 1174
Street Suffix: Avenue
Structure Type: Multi Family
Tax Annual Amount: 156
Tax Year: 2022
Unit Number: R
Utilities: 3-Phase Electric,Natural Gas Connected,Municipal Water,Sanitary Sewers
Water Source: Connected
Year Built: 1965
Other Features
Ceiling Height: 9-12 Ft
Electrical Utility Available
Has Heating System
$ 3,799.27
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 3,799.27

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