Overview
- Updated On:
- September 30, 2024
Description
This is for 29 Elmwood and 612 Hartford Street in Providence, it is for REAL ESTATE ONLY, Presently both properties are Leased by Same Tenant. Strong Tenants 4 years left on Present Lease and 2 5 year extensions with yearly Increases. This property is being offered with a Cap rate of over 8%. The tenants at this time would have to stay to have that business they bought a year ago, call for all Leases and rents. Check attachments. 29 Elmwood is 9500 sq/ft with basement 612 Hartford is 3395 sq/ft
Address: 29 Elmwood Avenue
City: Providence
State/County: Providence
Zip: 02907
Country: US
Open In Google Maps Property Id : 407195
Price: $ 2,190,000
Property Lot Size: 0 ft2
Basement: None
Bridge Modification Timestamp: 2024-09-30T15:09:31.078Z
Building Area Total: 5781
Business Type: Retail
Cap Rate: 8
Construction Materials: Masonry
Contract Status Change Date: 2024-03-03
Cooling: Central Air
Door Features: Loading Door
Electric: 200 Amps
Existing Lease Type: Escalation Clause
Foundation Details: Slab
Heating: Central Air,Central
Lease Expiration: 2024-10-28
List Agent Direct Phone: 508-509-3792
List Agent Email: ronrusin@yahoo.com
List Agent Full Name: Ronald Rusin
Listing Contract Date: 2024-03-03
Listing Id: 1353597
Living Area Units: Square Feet
Lot Features: Free Standing
Lot Size Area: 5781
Lot Size Square Feet: 5781
Lot Size Units: Square Feet
Mls Status: Active
Modification Timestamp: 2024-09-30T15:09:12.803Z
Number Of Buildings: 1
Number of Units in Community: 1
Number of Units Leased: 1
Number of Units Total: 1
Occupant Type: Tenant
Original Entry Timestamp: 2024-03-03T20:04:32.283Z
Original List Price: 2190000
Owner Pays: None
Parking Total: 0
Possible Use: Retail
Road Surface Type: Blacktop
Sewer: Public Sewer
State or Province: RI
Status Change Timestamp: 2024-03-03T20:04:32.283Z
Street Name: Elmwood
Street Number: 29
Street Suffix: Avenue
Tax Annual Amount: 16156
Tax Year: 2023
Utilities: Electricity Connected
Water Source: Municipal
Year Built: 1960
Other Features
Ceiling Height: 9-12 Ft
Electrical Utility Available
Has Cooling System
Has Heating System
$ 8,491.06
per month- Principal and Interest
- Property Tax
- HOA fee
$ 8,491.06
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