806 Reservoir Avenue

Office for Sale
Catylist Listing ID: 30204201
Property Subtypes: Office Building
Building Size (RSF): 1,234 SF
Gross Building Area: See Agent
Sale Price: $239,000
Unit Price: $193.68 PSF
Property Use Type: Business
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/18/2018

Overview / Comments

Multi-Family Mixed Use property currently used as an office building. First floor has high ceilings, 4 offices, roomy conference room, a kitchen and one bathroom. Second floor has one office and a lounge with a wet bar and exhaust system. Ideal for law practice, accounting firm, real estate agency or financial adviser. Basement is finished with an open space plus one separate office, a kitchen and a bathroom. It has its own thermostat and separate street entrance and provides excellent rental potential.

Financials

Finance Data Year 2009
Real Estate Taxes - Annual($) $6,118 (Annual)
Potential Rental Income $2,500 (Annual)
Lender Name Citizens Bank
Down Payment $35,000
Annual Debt Service $12,000 (Annual)
Interest Rate (APR) 5.03
Loan Due Date 3/2026
Amortization Period 20 Years

Additional Details

Nearest MSA: Providence-Warwick
County: Providence
Zoning: C-1
Property Visibility: Excellent
Highway Access: Access to I-95 and RT. 10
Airports: PVD
Total Number of Buildings: 1
Number of Stories: 2
Year Renovated: 2006
Roof Type: Hip
Construction/Siding: Brick/Aluminum Siding, Wood Frame
Exterior Description: Two story building with vinyl siding and small front porch.
Parking Type: Other
Parking Description: Plenty of on street parking.
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System, Window Unit
Internet Access: DSL
Zoning Description: Commerical
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 27,148 178,518 369,498
Median Age: 39.75 36.1 36.5
Households: 10,951 66,825 141,261

Contact

Photograph of Listing Agent

Albert Scaralia

Albert REALTORS RICIE Member
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