$1,620,000
New1373 Smith St
North Providence, RI, 02911
Commercial · MLS #73523340
Days on market
New today
Lot size
0.25 ac
0.25 acres
Lot
About this home
The subject is a 4,559 SF recovery house containing 11 bedrooms, 4 full bathrooms (1 is ADA accessible), a full kitchen, 2 common/dining areas, an office, and sunroom, with a service capacity of 24 beds. A $290,800 renovation was completed in 2024. Because of its location on a major route near Providence, the subject has central access to major linkages, interstate highways, public transportation, retail stores, services, and municipal facilities. The property is encumbered with a 20-year lease that began in August 2023, with a current payment of $145,800, as an expense to the operation, with a 9.00% cash on cash return to a potential buyer, which is significant in today's market and perfect for a 1031 buyer.
Location
1373 Smith St, North Providence, RI, 02911
Property details
- Parking
- 1-10 Spaces
Listed by J. Murray Regan · JMR Commercial RE Services
Schedule a showing
1373 Smith St
Estimated payment
$10,487 / month
Loan term
- Principal & interest
- $8,192
- Property tax
- $1,620
- Home insurance
- $675
Estimate only. Actual payment may vary based on credit, taxes, HOA, and insurance. Tax estimate uses 1.2% of price (MA average).
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