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    FOR SALE
    Investment properties

    559 Br Ave, Providence, RI 02904-2207

    2,768 SF 0.07 ac lot Built 1920
    Entity Owned 5-yr Hold
    Property ID
    US76-0102380
    Property summary
    AI-generated overview

    This exceptional commercial property at 559 Branch Avenue in Providence, Rhode Island presents a unique multi-family investment opportunity. Situated on a 0.07-acre lot, this building boasts convenient access to major roadways, including Routes 146 and 95, ensuring effortless commutes north and south. Its proximity to the highway (a quarter-mile away) and the abundance of nearby shopping and amenities further enhance its appeal. Public transportation is readily available via the bus line. The property includes valuable off-street parking and a small yard. The building's units are well-maintained, reflecting responsible tenant occupancy. Currently, the first floor is leased to a church, providing a stable income stream. This property offers significant potential for owner-occupancy, allowing for the operation of a business on the first floor while utilizing the upper floors for residential purposes. The asking price is $549,900. Estimated property taxes are available upon request. This is a rare opportunity to acquire a well-located, income-producing property with versatile usage potential. Don't miss out on this chance to secure a valuable asset in a thriving area. Contact us today to schedule a viewing.

    Property profile
    Verified
    Property type Investment properties
    Use group OFFICE/RESIDENTIAL (MIXED USE)
    Year built 1920
    Construction FRAME
    Total area 2,768 SF
    Lot 0.07 ac (3,081 SF)
    Zoning code C-2
    APN PROV M:98 L:420
    UPID US76-0102380
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Beato Prop Management LLC · 5 yrs held
    Beato Prop Management LLC
    since 2021
    Last sale
    $230,000
    7 recorded transactions
    2021
    $230,000
    2015
    2006
    2006
    $1
    2000
    $77,000
    1999
    1998
    $35,000
    Zoning & alternative use
    C-2 · Providence, RI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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