5 Mountain Street, Providence, Commercial

$ 1,295,000
5 Mountain Street, ,
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Overview

  • Updated On:
  • November 6, 2024

Description

Beautiful 6 unit Apartment building on The Federal Hill/ Downtown Providence Line. These apartments have unobstructed views of downtown providence and have very practical layouts. All 6 apartments are Identical. The roof was replaced around 5 years ago, along with all of the elctrical panels , and all 6 heating systems. The windows have been replaced. There is one common hallway from the front of the building that access all 6 apartments. The rear has two separate hallways servicing 3 apartments per hallway. There is a laundry room in the basement with coin operated laundry. There are two parking lots that come with this building, plenty of parking. This building directly abuts the 3 family house behind it which is also for sale by the same owner Please see MLS # 1368208 The Two Properties DO NOT have to be sold together, however you could build a nice little compound as the current owner has done. This property sits in the R-4 zone which is ripe for Air BNB if someone wanted to.

Address: 5 Mountain Street
State/County:
Zip: 02903
Country: US
Open In Google Maps
Property Id : 350851
Price: $ 1,295,000
Association Fee: 0
Basement: Full
Bridge Modification Timestamp: 2024-11-06T05:25:50.905Z
Building Area Total: 6000
Building Features: Laundry Room
Cap Rate: 8
Community Features: Bus,Commuter Bus
Contract Status Change Date: 2024-09-09
Cooling: None
Electric: 100 Amp Service
Electric Expense: 0
Existing Lease Type: Oral
Foundation Details: Unknown
Fuel Expense: 0
Heating: Baseboard
Insurance Expense: 10000
Laundry Features: In Building
List Agent Direct Phone: 401-339-1341
List Agent Email: jonathanweinstein@compass.com
List Agent Full Name: Jonathan Weinstein
Listing Contract Date: 2024-09-09
Listing Id: 1368212
Living Area Units: Square Feet
Lot Features: Downtown
Lot Size Area: 7195
Lot Size Square Feet: 7195
Lot Size Units: Square Feet
Mls Status: Active
Modification Timestamp: 2024-11-06T05:21:41.313Z
Number Of Buildings: 1
Number of Units in Community: 6
Number of Units Leased: 6
Number of Units Total: 6
Occupant Type: Tenant
Original Entry Timestamp: 2024-09-09T22:28:40.777Z
Original List Price: 1375000
Parking Total: 12
Possible Use: Residential
Road Surface Type: Blacktop
Sewer: Connected
State or Province: RI
Status Change Timestamp: 2024-09-09T22:28:40.777Z
Stories Total: 3
Street Name: Mountain
Street Number: 5
Street Suffix: Street
Structure Type: Apartment
Tax Annual Amount: 24232
Tax Year: 2024
Year Built: 1900
Years Current Owner: 10
Zoning: R4
Other Features
Ceiling Height: 7-9 Ft
Has Heating System
Property Attached
$ 5,020.97
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 5,020.97

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Alyse Antone Smyth, Esq.