Description
Located in the heart of East Greenwich’s vibrant downtown district, this mixed-use investment offering presents a rare opportunity in one of Rhode Island’s most sought-after markets. Known for its strong demographics and consistent demand for both residential and commercial space, East Greenwich continues to attract a diverse tenant base and long-term investment interest.
The property consists of 2 parcels(one zoned residential, the other zoned mixed commercial) with four separate structures totaling eight units, providing a blend of residential and commercial uses:
Two multifamily buildings, each with three residential units
One commercial garage structure
One commercial building, currently leased to a retail tenant
Six of the eight units are currently leased, offering immediate income with a mix of residential and commercial tenancy. The existing rent roll provides a solid foundation, while the remaining units and commercial spaces may offer potential for future leasing or repositioning, subject to buyer due diligence.
This property is being offered as-is. Buyers are encouraged to perform their own independent verification of all income, expenses, and property details.
With its central downtown location, mixed-use configuration, and multiple income streams, this asset may appeal to investors seeking a property with both current cash flow and potential for future optimization.
For additional information, please inquire directly.
- Principal and Interest
- Property Tax
- HOA fee