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1998 Mineral Spring AV
North Providence, Rhode Island 02904

About This Listing

This is the last double corner lot available on Mineral Spring Avenue in North Providence! Located between South Pleasant and Central Avenues it is comprised of 6 individual lots. The combined 1.35 acre property has a multitude of possible uses. Currently zoned residential, with two homes on the property, it generates $42,900 in yearly rental income. Re-zoning the property to commercial is possible. With nearly 200’ of frontage on Mineral Spring Avenue, in one of the heaviest trafficked areas of North Providence, this property would be perfect for a small shopping area, bank, credit union, or apartment complex.

Features and Amenities

Overview

  • Number of Units: 2
  • Building Area: 1,546 sq.ft.
  • Year Built: 1900
  • Plat/Lot: 16 / 33
  • Lot Frontage: $192
  • Lot Size: 58,973 sq.ft.
  • Estimated RE Taxes: $14,392

Units

  • Unit1: 5 rooms, 3 beds 2 full baths, 0 half baths Monthly Rent: $1,800
  • Unit2: 5 rooms, 3 beds 2 full baths, 0 half baths Monthly Rent: $1,775

Rooms

  • Total Rooms: 10
  • Bedrooms: 6
  • Bathrooms: 4

Building and Construction

  • Unit: Other
  • Foundation Type: Unknown
  • Exterior: Clapboard
  • Finished Floor: Hardwood
  • Fireplaces: 0
  • Under Construction: No

Utilities

  • Sewer: Other Private System
  • Electrical: 100 Amps
  • Hot Water: Oil
  • Heat: Oil
  • Heating System Type: Baseboard, Zoned
  • Cooling: None

Garage and Parking

  • Garage Type: Detached
  • Garage Spaces: 2
  • Outside/Onsite Parking: 10

Basement

  • Basement Type: Full
  • Basement Finish: Unfinished
  • Basement Access: Bulkhead

Other Info

  • Short sale: No
  • REO Bank Owned: No
  • Subsidized Housing: No

City/Town Sales Stats & Taxes

4th Quarter Multi-Family Sales - 2016

North Providence home sales statistics:

  • Median Sales Price: $200,000.00
  • Number of units sold: $7.00
  • Avg. Days on market: 93
North Providence Town Website »

North Providence tax rate

  • Rate per $1,000: 27.94
  • Revalation Year: 2007
  • % of Assessed Value: 100%
Tax Assessor Website »

Payment Calculator

What can I afford?

Total monthly payment

Disclaimer

The purchase price of housing stock as shown on this website may vary depending on factors such as fees, commissions, price negotiations, home inspection results, market conditions, etc. This website in no way warrants or represents that submitting an offer to purchase a property for the list price will result in a sale at that price. Please consult with your REALTOR to discuss how these variations may affect your real estate transaction.

$1,599,000

Active

MLS # 1221384

  • Multi-Family

  • # of Units: 2

  • Total Beds: 6

  • Total Baths: 4

  • Building Area: 1,546 sq. ft.

  • Lot Size: 58,973 sq. ft.

Listing Agent

Justin Gallant

Mobile

401-742-0958

J.E. Group Properties

38 Red Oak Way
So. Kingstown, RI 02879

Office Phone

401-792-4877