CCertihomes
1174 Douglas Avenue, North Providence, RI 02904

$979,900

0 beds 3 baths Built 1965Active

About this home

Rare opportunity to acquire a unique commercial and residential property in North Providence, Rhode Island. This property is a must-see for any savvy investor looking for a lucrative return. This property is comprised of a 7, 700 square foot Autobody shop/mechanic garage and a 2-unit multi-family residence situated on two abutting lots. The shop is fully equipped with all the necessary tools and equipment, including 2 lifts inside, one outdoor lift, two flatbed trucks, two forklifts, one8000lb long forklift and a whole host of parts inventory (excluding used resale dealer cars). The security camera system is operational. Autobody, mechanic, towing, salvage and dealer licenses are all active. This is a turnkey business ready to be taken over by an ambitious entrepreneur. The multi-fam. residence features two separate units, each with its own entrance and all utilities are separate. Currently, the two units generate rental income of $1, 100 and $900 per month. Schedule your showing now!

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrJumbo at 4% APR.

Your estimated payment
$13,091/mo

Real estate (PITI + HOA + PMI)
$8,021
Principal + interest$4,444
Property tax + insurance$3,210
PMI / 2nd mortgage$367
Utilities
$10,402
Heating + cooling$5,048
Internet + TV + phone$140
Water + sewer + garbage$58
Transportation
$141
Car insurance + maintenance$141
Other (entertainment)
$140
$13,091/mo TLC
Budget$13,591/mo
Remaining after TLC$500/mo
Purchase price
$979,900
Down payment
$48,995 (5%)
Loan amount
$930,905
APR
4%

Quick facts

Type
COM
Style
Year built
1965
Lot size
1.22 ac
Stories
0
Heating
Cooling
Water
HOA
Annual tax
$15,650
MLS #
73198445
County
Providence

Neighborhood — 02904

MetricThis ZIPCountyUSA
Population30,6261,095,423299,088,112
Population Change Since19905.00%9.00%20.00%
Population Density5,764994
Male14,396529,266147,432,321
Female16,230566,157151,655,844
Never Married7,686266,40463,775,926
Married11,739435,678123,120,365
Separated1,18443,64212,639,686
Widowed2,53866,66815,467,586
Divorced2,64283,84323,075,029
Number Of House Hold13,646410,399111,826,380
Average House Hold Size2.222.562.60
Medial Age40.4637.2735.46
Median House Hold Income$40,657$47,553$48,276
Average House Hold Income$52,601$61,609$63,629
P C I$23,626$23,965$24,529
M D I$35,491$40,634$41,133
A T H E$45,008$49,940$50,898
S T R7.00%7.00%
W C J80.55%78.02%77.74%
(Zip) Code
2904

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

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MLSPIN

Listing information last refreshed 2/1/2024. Provided courtesy of the listing office via MLSPIN. Information deemed reliable but not guaranteed.