1358 Smith St - Apartments FOR SALE


North Providence, RI 02911
$949,000 USD
401-440-7483
1358 Smith St, North Providence, RI for Sale
$949,000 USD
Apartments - FOR SALE
1/54
null | Request Cap Rate

1358 Smith St
North Providence, RI 02911


HIGHLIGHTS

  • Stunning Victorian that's been meticulously updated and maintained
  • Adaptive Reuse
  • ADU potential

OVERVIEW

For the first time in over 40 years, this impeccably maintained, spectacular mixed-use property is available for purchase. Built at the turn of the 20th century, this exquisite Queen Anne-style Victorian was, from 1985-2020, used as a medical office on the ground level, with several thoughtful, architectural additions added to the front and side. Today, the first floor is ideal for a large office/commercial space; or adaptive reuse allows for up to two smaller office/commercial spaces, or for several residential apartments. Upstairs, find two beautifully maintained residential units: the bright and sunny 2nd-floor apartment has an updated kitchen and bathroom, 2 spacious bedrooms, and ductless cooling; and the 3rd floor is a lovely and bright 1-bed, 1.5-bath apartment with 3 skylights and a spectacular view of the City of Providence. The parking lot provides 21 off-street spaces and includes a heated cement ramp; and the handsome 2-story carriage house can potentially be redeveloped as an ADU. Smart exterior updates, including a younger roof, Hardie Board siding, blown-in insulation, and many replacement windows (covered with storm windows) make for a more energy-efficient, low-maintenance package. Smith Street is a main corridor with access to highways, a bus route, and amenities, and is approximately 3 miles to the commuter rail and Downtown Providence and just over 1 mile to two nearby colleges.

FOR SALE DETAILS

PRICE

$949,000 USD

PRICE/SF

$145 USD /SF

# OF UNITS

-

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

CP

APN/PARCEL ID

NPRO-000008-000000-000343

ASK ABOUT THIS PROPERTY

Joe RochResidential Properties, LtdMore Info
401-440-7483

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Joe RochResidential Properties, LtdMore Info
401-440-7483

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.