124 Waterman Avenue, East Providence, RI 02914
- 3,134 sqft
Commercial Property 
Built in 1910 
4,792sqft lot
—— car garage 
$223/sqft 
Listed 2 months ago
Property Description
This five-unit property in East Providence is an ideal investment opportunity. The units are in great condition. The property includes 11 off-street parking spots and a two-car garage that could generate extra income. It is located in a great area, making it even more appealing to potential tenants. This building has a proven record of strong rental history for over 20 years. The rents are currently lower than market value. The five units include four one-bedroom units and one two-bedroom unit. In addition to being in great condition, each unit has separate utilities and coin-operated laundry and storage in the basement. One unit is now available to rent, freshly painted, featuring a new bathroom floor and new toilet. It's available instantly with a revised rental rate at your chosen price to immediately boost the cap rate!
- Listing Status:
- Active
- Date Added:
- March 18, 2025 at 05:00AM
- Listing Office:
- SLOCUM : 401-738-4821
- MLS ID:
- 1380193
- Laundry: Common AreaLaundry Room
- Basement: Full
- A/C: None
- Heating: BaseboardGasHot Water
This listing courtesy of SLOCUM
Location
Schools Nearby
Orlo Avenue School
25 Orlo Ave, East Providence, RI, 02914
Grades KG-5
0.51 miles away
Edward R. Martin Middle School
111 Brown St, East Providence, RI, 02914
Grades 6-8
1.24 miles away
East Providence Career Tech
1998 Pawtucket Ave, East Providence, RI, 02914
Grades 9-12
1.04 miles away
