100 Harold StProvidence, RI 02908

Property Details for 100 Harold St

Year built

1899

Construction

FRAME

Lot size

0.06 AC

Property size (Sq ft)

5,330 SF

Zone code

R-3

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

PROV M:65 L:196

APU

PROVM65L196

Description

This exceptional commercial property at 100 Harold Street, Providence, RI, presents a lucrative mixed-use investment opportunity. Spanning 5,850 square feet on a 0.06-acre lot, the property boasts five residential units, each offering two bedrooms and one full bathroom. These units provide a stable rental income stream, complemented by a sizable retail space perfectly suited for a variety of businesses. The strategic location ensures excellent visibility and accessibility, with convenient access to major highways and local amenities. Off-street parking is provided, enhancing the property's appeal to both residents and commercial tenants. The property's versatile layout and prime location in Providence, RI, make it an ideal investment for those seeking a blend of residential and commercial income. The asking price is $875,000. This property offers significant potential for long-term growth and return on investment, making it an attractive proposition for discerning investors seeking a strong foothold in a thriving market. The combination of residential and commercial space creates a diversified income stream, mitigating risk and maximizing profitability. The property's features, coupled with its convenient location, promise a high occupancy rate and consistent rental income.

• CAP approach

  CAP return

  Valuation

  6%

  $881,208

  6.5%

  $813,423

  7%

  $755,321

• Comparable approach

  Method

  Valuation

  Relative Method

  $696,418

  Geo Method

  $696,418

• Alternative Use

  Use

  Valuation

  Residential

  $1,008,644

  Hospitality

  $923,913

  Educational

  $768,685

  Medical

  $795,121

  Retail

  $1,195,732

Location Insight

City

Providence

County

Providence

State

Rhode Island

Latitude

41.8296

Longitude

-71.4388

CBSA code

39300

CBSA name

PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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