CCertihomes
1428 Park, Cranston, RI 02920

$750,000

0 beds 0 baths Built 1920Active

About this home

Welcome to 1428 Park Avenue. Unique opportunity to own a versatile 2-family home and an established ice cream shop! This property offers 2 residential units, each with 2 bedrooms and 1 full bath, offering comfortable living spaces for tenants. Both units are currently occupied on a month-to-month basis, providing immediate rental income. Includes off-street parking and detached garage, ensuring convenience for residents. The ice cream shop, a beloved local business, adds a charming commercial aspect to the property, attracting a steady flow of customers and enhancing the property's appeal. Tenant is also on a month-to-month basis. Whether you're looking to invest in rental properties, expand a business, or both, this property offers incredible potential! Don't miss out on this rare chance to own a multifaceted property!

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
$7,616/mo

Real estate (PITI + HOA + PMI)
$5,480
Principal + interest$3,402
Property tax + insurance$1,797
PMI / 2nd mortgage$281
Utilities
$4,304
Heating + cooling$1,999
Internet + TV + phone$140
Water + sewer + garbage$58
Transportation
$170
Car insurance + maintenance$170
Other (entertainment)
$140
$7,616/mo TLC
Budget$8,116/mo
Remaining after TLC$500/mo
Purchase price
$750,000
Down payment
$37,500 (5%)
Loan amount
$712,500
APR
4%

Quick facts

Type
Commercial Lease
Style
Year built
1920
Lot size
Stories
0
Heating
Cooling
Water
HOA
Annual tax
$8,913
MLS #
1356148
County
Providence

Home features

Sewer
Connected

Lot features

Free Standing

Neighborhood — 02920

MetricThis ZIPCountyUSA
Population41,5661,095,423299,088,112
Population Change Since199011.00%9.00%20.00%
Population Density4,370994
Male21,469529,266147,432,321
Female20,096566,157151,655,844
Never Married8,123266,40463,775,926
Married16,901435,678123,120,365
Separated4,44243,64212,639,686
Widowed3,08366,66815,467,586
Divorced2,71283,84323,075,029
Number Of House Hold15,390410,399111,826,380
Average House Hold Size2.392.562.60
Medial Age40.3837.2735.46
Median House Hold Income$51,144$47,553$48,276
Average House Hold Income$61,232$61,609$63,629
P C I$24,442$23,965$24,529
M D I$43,307$40,634$41,133
A T H E$49,988$49,940$50,898
S T R7.00%7.00%
W C J78.75%78.02%77.74%
(Zip) Code
2920

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 4/5/2024. Provided courtesy of the listing office via RI & State Wide MLS. Information deemed reliable but not guaranteed.