CCertihomes
161 Chestnut #1, Providence, RI 02903

$4,200

0 beds 0 baths Built 1900Active

About this home

This could be your dream come true. Live and or work in the vibrant Arts center in downtown Providence. This studio space is yours to create, or use as you wish. It is waiting for you. The space offers tall ceiling, upgraded electrical, new roof, new HVAC heating and cooling, a kitchenette, full bathroom with shower, TONS of natural light, dimmable overheard recessed lighting, and a private entry and key code. The current owner runs their highly regarded and known studio out of the other part of the building., which has its own separate entrance as well. With 1950 sq feet, the choices are endless in what you can do with it. The space was recently painted and insulated , it is fire coded, with sprinklers, One year lease, street parking with permit will be needed. Owner pays for water, sewer, trash, recycling, security and taxes, all you would be responsible for is electric and gas. This type of opportunity only comes once in a while , grab it before its gone.

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrFixed at 7.19% APR.

Your estimated payment
$474/mo

Real estate (PITI + HOA + PMI)
$40
Principal + interest$27
Property tax + insurance$11
PMI / 2nd mortgage$2
Utilities
$350
Heating + cooling$22
Internet + TV + phone$140
Water + sewer + garbage$58
Transportation
$166
Car insurance + maintenance$166
Other (entertainment)
$140
$474/mo TLC
Budget$5,000/mo
Remaining after TLC$4,526/mo
Purchase price
$4,200
Down payment
$210 (5%)
Loan amount
$3,990
APR
7.19%

Quick facts

Type
Commercial Lease
Style
Year built
1900
Lot size
Stories
0
Heating
Cooling
Central Air, Individual Unit
Water
HOA
Annual tax
MLS #
1344859
County
Providence

At a glance

Air conditioning

Home features

Interior
Ceiling Height: 17-20 Ft
Sewer
Connected

Lot features

Downtown

Neighborhood — 02903

MetricThis ZIPCountyUSA
Population18,1791,095,423299,088,112
Population Change Since199015.00%9.00%20.00%
Population Density11,431994
Male8,896529,266147,432,321
Female9,283566,157151,655,844
Never Married10,869266,40463,775,926
Married2,391435,678123,120,365
Separated1,19543,64212,639,686
Widowed76466,66815,467,586
Divorced1,27483,84323,075,029
Number Of House Hold6,130410,399111,826,380
Average House Hold Size1.912.562.60
Medial Age23.2837.2735.46
Median House Hold Income$20,367$47,553$48,276
Average House Hold Income$46,916$61,609$63,629
P C I$20,251$23,965$24,529
M D I$19,196$40,634$41,133
A T H E$41,009$49,940$50,898
S T R7.00%7.00%
W C J84.85%78.02%77.74%
(Zip) Code
2903

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

Map & walkability

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RI & State Wide MLS

Listing information last refreshed 9/27/2023. Provided courtesy of the listing office via RI & State Wide MLS. Information deemed reliable but not guaranteed.