425 warren avenue East Providence, RI 02914
INVESTORS TAKE NOTE - LOCATION, LOCATION, LOCATION!! This 6 unit residential building rests at the end of the highway ramp (Exit 6) off of busy 195 East. This high-traffic location has the potential to take this profitable property from convenient residential use to high-profile commercial use. Parking for over a dozen vehicles. Only minutes from Downtown Providence or the Mass border. Being sold with abutting single family home (415 Warren Ave), which is also generating income. This brings the total number of units to 7. All units but one are 2-Bedroom units. Buy and hold for long term growth and solid rental income... or seek approvals to re-engineer the site and create something new from scratch. Perfect location for possible business offices, fast food, banking or any number of uses. Or leave as is, and collect over $5,000 in rent per month. Total combined lot size is 12,932 square feet. Property is zoned C1.
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East Providence is a city with a mix of quiet and waterfront neighborhoods, as well as several major shopping areas. The Seekonk and Providence Rivers are to the west, Narragansett Bay is to the south, and the Running and Ten Mile Rivers (including the Reservoir and Central Pond) are along most of its eastern border.
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LISTED BY: BLACKSTONE/OCEAN PROPERTIES