CCertihomes
7 Dike, Providence, RI 02909

$699,900

0 beds 0 baths Built 1940Active

About this home

Industrial structure redevelopment opportunity! Approved plans for 11 residential units (building 3 levels 16, 000sqft) within existing structure. 8 two-bedrooms and 3 one-bedrooms. Plans can be amended to add additional units and qualifies for state tax credits. Phase I and Phase II environmental completed. Existing passive income from billboards. Possibility for parking agreements with neighboring lots. Area currently undergoing federal redevelopment including new pedestrian bridge over train tracks being constructed directly across the street. Various private investment dollars being spent to revitalize the area. See link for building plans.

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
$6,663/mo

Real estate (PITI + HOA + PMI)
$5,089
Principal + interest$3,174
Property tax + insurance$1,653
PMI / 2nd mortgage$262
Utilities
$3,142
Heating + cooling$1,418
Internet + TV + phone$140
Water + sewer + garbage$58
Transportation
$170
Car insurance + maintenance$170
Other (entertainment)
$140
$6,663/mo TLC
Budget$7,163/mo
Remaining after TLC$500/mo
Purchase price
$699,900
Down payment
$34,995 (5%)
Loan amount
$664,905
APR
4%

Quick facts

Type
Commercial Sale
Style
Year built
1940
Lot size
Stories
0
Heating
Cooling
Water
HOA
Annual tax
MLS #
1357881
County
Providence

Home features

Sewer
Connected

Lot features

Rural

Neighborhood — 02909

MetricThis ZIPCountyUSA
Population51,8791,095,423299,088,112
Population Change Since199023.00%9.00%20.00%
Population Density14,793994
Male25,302529,266147,432,321
Female26,576566,157151,655,844
Never Married16,308266,40463,775,926
Married13,033435,678123,120,365
Separated3,25743,64212,639,686
Widowed2,45766,66815,467,586
Divorced3,85883,84323,075,029
Number Of House Hold18,418410,399111,826,380
Average House Hold Size2.762.562.60
Medial Age28.3437.2735.46
Median House Hold Income$26,191$47,553$48,276
Average House Hold Income$37,193$61,609$63,629
P C I$13,721$23,965$24,529
M D I$23,935$40,634$41,133
A T H E$36,127$49,940$50,898
S T R7.00%7.00%
W C J75.63%78.02%77.74%
(Zip) Code
2909

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 4/29/2024. Provided courtesy of the listing office via RI & State Wide MLS. Information deemed reliable but not guaranteed.