About 1174 Douglas Ave # R
Rare opportunity to acquire a unique commercial and residential property in North Providence, Rhode Island. This property is a must-see for any savvy investor looking for a lucrative return. Located at 1174 Douglas Avenue, this property is comprised of a 7,700 square foot Autobody shop/mechanic garage and a 2-unit multi-family residence situated on two abutting lots. The shop is fully equipped with all the necessary tools and equipment, including 2 lifts inside, one outdoor lift, two flatbed trucks, two forklifts, one 8000lb long forklift and a whole host of parts inventory (excluding used resale dealer cars). The security camera system is operational. Autobody, mechanic, towing, salvage and dealer licenses are all active. This is a turnkey business ready to be taken over by an ambitious entrepreneur. The multi-family residence features two separate units, each with its own entrance and all utilities are separate. Currently, the two units generate rental income of $1,100 and $900 per month, respectively, leaving room for tremendous upside. These units are perfect for tenants looking for comfortable living spaces within close proximity to their workplace. Overall, this property presents a fantastic opportunity for a wide range of investors, from entrepreneurs looking to start their own business, to those looking to invest in a stable income-generating asset. Don't miss out on this unique opportunity to acquire a property that will provide a consistent stream of income.
Pricing and availability subject to change.
Amenities
Utilities |
Electricity Available, Natural Gas Connected, Municipal Utilities, Water Connected, Sewer Connected
|
Parking Spaces |
20
|
Is Waterfront |
No
|
Has Pool |
No
|
Interior
Heating |
Forced Air
|
Cooling |
None
|
Fireplace |
No
|
# of Stories |
1
|
Stories |
1
|
Has Basement |
No
|
Exterior
Exterior |
Frame
|
Construction |
Frame
|
Foundation |
See Remarks
|
Listing Details
Office | Keller Williams Leading Edge |