51 Union Street UNIT C003

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51 Union Street UNIT C003

Providence, RI 02903
Asking Price
$575K
Asset Type
Mixed-use
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Mixed-use asset situated in downtown Providence Rhode Island
  • Current asking price for the unit is 575000 dollars
  • Property located in a dense and walkable urban corridor
  • Geographic coordinates for the site are 41.8238 latitude
  • Proximity to major highways supports regional connectivity and access

What's Special

This mixed-use property located at 51 Union Street UNIT C003 in Providence offers a flexible investment in the heart of Rhode Island’s capital. Situated in a dense urban corridor known for its historic architecture and concentration of educational and medical institutions, the asset provides strategic positioning for owners seeking access to a robust regional economy. The central location benefits from the walkable character of downtown Providence, which attracts a steady flow of residents, students, and professionals to the area. Given the property's mixed-use classification, it presents functional utility for a variety of business operations or creative development strategies. Investors can leverage the site's proximity to major interstate highways and transit hubs that connect this growing coastal market to the greater New England region. This asset serves as a practical addition to an existing portfolio or an entry point into the diverse Providence commercial sector.

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NOI
$80,000
Cap Rate
13.91%
DSCR
2.34
Strong
Cash-on-Cash
26.59%
Monthly Payment
$2,844.786
Annual Cash Flow
$45,862.565

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