CCertihomes
882 Broad, Providence, RI 02907

$1,000,000

0 beds 0 baths Built 1960Active

About this home

Here’s a chance for a great investment opportunity for the savvy investor. 4-Story office building with 8300 square feet of living space in a prime location in the middle of Providence with high traffic/visibility and easy access to the highway. Currently zoned C2 which opens the door for many different uses and combinations to maximize your earning potential. Preliminary plans/sketch available for possible 22 or 16 residential units with 2 commercial units on first floor with an estimated property value of $4.2M. Recent updates include electrical, plumbing and windows, 8-10 parking spots, existing elevator and up to code sprinkler system already installed. Schedule your showing today!

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
$8,277/mo

Real estate (PITI + HOA + PMI)
$7,101
Principal + interest$4,535
Property tax + insurance$2,191
PMI / 2nd mortgage$375
Utilities
$2,580
Heating + cooling$1,137
Internet + TV + phone$140
Water + sewer + garbage$58
Transportation
$166
Car insurance + maintenance$166
Other (entertainment)
$140
$8,277/mo TLC
Budget$8,777/mo
Remaining after TLC$500/mo
Purchase price
$1,000,000
Down payment
$50,000 (5%)
Loan amount
$950,000
APR
4%

Quick facts

Type
Commercial Sale
Style
Year built
1960
Lot size
Stories
0
Heating
Cooling
Water
Connected
HOA
Annual tax
MLS #
1360429
County
Providence

At a glance

Basement

Home features

Interior
Ceiling Height: 9-12 Ft
Sewer
Connected

Lot features

Free Standing

Neighborhood — 02907

MetricThis ZIPCountyUSA
Population26,4561,095,423299,088,112
Population Change Since199010.00%9.00%20.00%
Population Density10,349994
Male12,996529,266147,432,321
Female13,460566,157151,655,844
Never Married7,913266,40463,775,926
Married6,240435,678123,120,365
Separated1,86643,64212,639,686
Widowed1,14966,66815,467,586
Divorced1,99083,84323,075,029
Number Of House Hold8,552410,399111,826,380
Average House Hold Size3.042.562.60
Medial Age27.4437.2735.46
Median House Hold Income$25,619$47,553$48,276
Average House Hold Income$39,645$61,609$63,629
P C I$13,168$23,965$24,529
M D I$23,495$40,634$41,133
A T H E$37,534$49,940$50,898
S T R7.00%7.00%
W C J77.47%78.02%77.74%
(Zip) Code
2907

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 5/31/2024. Provided courtesy of the listing office via RI & State Wide MLS. Information deemed reliable but not guaranteed.