Overview
- Updated On:
- March 30, 2023
Description
Calling all investors, mixed use property in the heart of Centerdale. Package includes the Posillipo Ristorante building which consists of two commercial units combined into one, turn key longstanding establishment, an existing 3 family house and an extra lot currently utilized as additional parking for the restaurant. Seller to convey majority of FF&E displayed in pictures with sale of restaurant, which would effectively a turn key operation or change back to multiple units. The possiblities with the extra lot creates additional options and utility. Three family included in sale is detached with plenty of independent parking to seperate the entities and also includes a storage unit. Tenants are longstanding in two of the three occupied units on month to month leases. Attractive unit pricing when you consider the potential of leasing or owner operating the restaurant and collecting the rents, while investing into an attractive area worthwhile to spend your time. On top of that, this property pencils to cash flow well better than 1% monthly at asking price and so you are looking at upside and should be worth your while to consider if you’re a cash flow king. Solid investment into the North Providence community, don’t miss your shot!
- Principal and Interest
- Property Tax
- HOA fee
