241 Pocasset AVE, Providence, RI 02919
241 Pocasset AVE, Providence, RI 02919
241 Pocasset AVE, Providence, RI 02919
45
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$1,500,000
Est. payment /mo
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3,255 SqFt
Price Dropped by $99K

241 Pocasset AVE Providence, RI 02919

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Eric Coury

Eric Coury

Keller Williams Elite

+1(508) 838-6956

UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 3,255 sqft

Price per Sqft $460

MLS Listing ID 1409537

Style Mid Rise

HOA Y/N No

Abv Grd Liv Area 3,255

Year Built 2024

Tax Year 2025

Lot Size 2,523 Sqft

Property Sub-Type Commercial

Property Description

Turnkey, high-yield 8-unit new construction investment ready for immediate cash flow. Nearing completion and already in the process of securing tenants, this asset eliminates lease-up risk and positions the next owner for instant income. Featuring a desirable mix of 1-bedroom and 2-bedroom units, the property caters to strong rental demand. A valuable 5-year tax stabilization agreement is in place, with taxes starting at just 20% in Year 1 and 40% in Year 2 dramatically boosting early returns and investor ROI. Priced at $1,750,000, this is an exceptional opportunity for a savvy investor to acquire a low-maintenance, income-producing asset with significant financial advantages and long-term appreciation potential.

Location

State RI

County Providence

Rooms

Basement Full

Exterior

Community Features Sidewalks

Utilities Available Sewer Connected

Building

Sewer Connected

Architectural Style Mid Rise

New Construction Yes

Others

Tax ID 241POCASSETAVPROV

Virtual Tour https://tour.RiLiving.com/241-Pocasset-Avenue-Providence-RI-02919

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Listed by Innovations Realty
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Tricia Coury
Tricia Coury

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