CCertihomes
189 Smith, Cranston, RI 02905

$599,000

0 beds 0 baths Built 1930Active

About this home

Welcome to 189 Smith Street, Cranston - a prime investment opportunity! This well-maintained property boasts a total of 4 units, strategically divided into 2 commercial spaces and 2 residential units, providing a diverse income stream. Additionally, a 2-car garage is included, further enhancing your potential for additional rental income. All units, with the exception of one commercial space, are currently rented, offering immediate returns on your investment. The residential units feature elegant hardwood flooring, adding a touch of sophistication and easy maintenance. This property presents a unique opportunity for savvy investors to increase rental rates and bring the income closer to market value. The prime location of 189 Smith Street ensures a high demand for both commercial and residential spaces, making it an ideal investment for those seeking a reliable and lucrative real estate opportunity. Don't miss your chance to own a well-diversified income property in the heart of Cranston. Schedule a viewing today and explore the potential that this meticulously maintained building has to offer.

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
$6,907/mo

Real estate (PITI + HOA + PMI)
$5,559
Principal + interest$3,859
Property tax + insurance$1,475
PMI / 2nd mortgage$225
Utilities
$2,624
Heating + cooling$1,159
Internet + TV + phone$140
Water + sewer + garbage$58
Transportation
$166
Car insurance + maintenance$166
Other (entertainment)
$140
$6,907/mo TLC
Budget$7,407/mo
Remaining after TLC$500/mo
Purchase price
$599,000
Down payment
$29,950 (5%)
Loan amount
$569,050
APR
7.19%

Quick facts

Type
Commercial Sale
Style
Year built
1930
Lot size
Stories
0
Heating
Cooling
Individual Unit
Water
Connected
HOA
Annual tax
$8,753
MLS #
1358120
County
Providence

Home features

Interior
Ceiling Height: 7-9 Ft
Sewer
Connected

Lot features

Urban

Neighborhood — 02905

MetricThis ZIPCountyUSA
Population27,3201,095,423299,088,112
Population Change Since19907.00%9.00%20.00%
Population Density7,181994
Male13,082529,266147,432,321
Female14,238566,157151,655,844
Never Married8,837266,40463,775,926
Married7,297435,678123,120,365
Separated1,31743,64212,639,686
Widowed1,31366,66815,467,586
Divorced2,14183,84323,075,029
Number Of House Hold9,130410,399111,826,380
Average House Hold Size2.822.562.60
Medial Age29.6337.2735.46
Median House Hold Income$37,328$47,553$48,276
Average House Hold Income$53,328$61,609$63,629
P C I$19,090$23,965$24,529
M D I$32,918$40,634$41,133
A T H E$45,327$49,940$50,898
S T R7.00%7.00%
W C J79.47%78.02%77.74%
(Zip) Code
2905

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 5/1/2024. Provided courtesy of the listing office via RI & State Wide MLS. Information deemed reliable but not guaranteed.