$369,000 301 State Avenue Tiverton, RI

MLS: 1232510   Type: Pending   County: Newport   City: Tiverton   Zip: 02878   Style: Vacant     Stories: 3   Taxes: $2,018

Mortgage $1,732 /mo



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Great investment / income producing opportunity in Tiverton! Four spacious updated units offering over 3,000 square feet and featuring newer roof and vinyl siding for virtually maintenance free exterior. All three apartments have been freshly painted, have public sewer and water, gas heat, and hardwoods throughout. Business on first floor is currently set up as a Pub/Caf with utility kitchen. Owner occupied can live in and work on location. Residential rental unit income can cover mortgage, taxes and insurance for the building so the business can be 100% profit. Great rents in area due to location close to award winning schools. Investors bring vision - easy conversion for condos, professional office space, pizza parlor, barber shop or hair/nail salon, bakery, cigar bar and more.

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Price History

7/26/2020 Listed $369,000

Association Amenities Restaurant
Basement Full
Building Features Public Restrooms
Business Type Food & Beverage
Community Features Highway Access, Marina, Near Hospital, Near Schools, Public Transportation, Restaurant, High Traffic Location
Cooling Window Unit(s), Wall Unit(s)
Current Use Vacant
Electric 100 Amp Service, 150 Amp Service, Circuit Breakers
Energy Efficient Lighting
Green Location Public Transportation
HOA Fee 0
Heating Gas
Land Lease Y/N No
Listing Agent State License RES.0032547
Lot Size Square Feet 4000
Property Type Commercial Sale
Senior Community Y/N No
Sewer Connected
Status Pending
Total Units 6
Utilities Natural Gas Available, Sewer Connected

Interior Features

Above Grade Finished Area 3020
Air Conditioning Y/N Yes
Laundry Features Common Area
Total Baths 0

Exterior Features

Foundation Details Combination
Frontage Length 1500
Lot Size Acres 0.09
Lot Size Area 4000
Lot Size Units Square Feet
Number of Buildings 1
Road Frontage Type City Street
Total Parking 1
Water Source Connected

Property Schools

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Property vs Zip Code Avg (02878)

Price 369K Avg 552K

Sqr Feet 3,020 Avg 2,235

Cost / Sqr Ft $122 Avg $247

Taxes $2,018 Avg $5,604

Acres 0.091827 Avg 3.79

Visits 87 Avg 31

Days on Site 845 Avg 227

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Listing Provided Courtesy Of: Keystone Property Group, LLC

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Location & Address

Albert Realtors
1050 Reservoir Avenue
Cranston, RI