388 Church Street

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388 Church Street

Richmond, RI 02894
Asking Price
$150K
Asset Type
Residential Mixed-use
Class
Class B

AI Property Summary

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

  • Mixed-use property encompassing 1,671 square feet of space.
  • Located at 388 Church Street in Richmond, Rhode Island.
  • Asking price for the acquisition is set at $150,000.
  • The building features a versatile residential sub-type configuration.
  • Strategically positioned within the growing Washington County region.

What's Special

This mixed-use property spans 1,671 square feet and presents a flexible investment opportunity in Richmond, Rhode Island. Situated in a region known for its pastoral character and access to major regional transit routes, the asset occupies a strategic position for buyers seeking a foothold in this New England market. The current configuration allows for diverse applications, catering to investors interested in residential income streams or those looking to capitalize on a mixed-use setup. Local economic drivers in this part of Washington County benefit from proximity to coastal access and the broader Providence metropolitan area. Prospective owners can evaluate the space for various residential or small-scale commercial tenant profiles, given the adaptable footprint of the structure. The asking price of $150,000 reflects the scale of the facility, providing a tangible entry point into the Rhode Island commercial real estate sector. This property represents a functional addition to a portfolio focused on assets with historical character and versatile site utility.

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NOI
$80,000
Cap Rate
53.33%
DSCR
8.98
Strong
Cash-on-Cash
157.99%
Monthly Payment
$742.118
Annual Cash Flow
$71,094.582

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