387 Broadway Providence, RI 02909
West End NeighborhoodHighlights
- Property is near public transit
- Shops
- Coin Laundry
- Wood Flooring
About This Home
As of November 2024AMAZING OPPORTUNITY to own this SIX unit on Broadway! Located in the heart of Providence's emerging historic zone! Located just off Federal Hill and a few minute's walk to downtown Providence. Zoned comm/res. Fully occupied with great income. Units have their own utilities and bills. Off street parking. Laundry on site. Potential for future storage. Low maintenance. Close to all area colleges: Brown, JW, RIC, PC and RISD. Plus seconds from route 95, it's a commuter's dream! MUST have financing in place prior to showing, no exceptions. Call Right Now!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $14,500
Year Built
- Built in 1900
Lot Details
- 5,000 Sq Ft Lot
Home Design
- Stone Foundation
Interior Spaces
- 4,200 Sq Ft Home
- Basement Fills Entire Space Under The House
Flooring
- Wood
- Laminate
- Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- 6 Full Bathrooms
Parking
- 4 Car Parking Spaces
- Driveway
- Open Parking
- Off-Street Parking
Location
- Property is near public transit
- Property is near schools
Listing and Financial Details
- Total Actual Rent $9,000
- Tax Lot 10
- Assessor Parcel Number 55479
Community Details
Overview
- 6 Units
- Property has 1 Level
Amenities
- Shops
- Coin Laundry
Building Details
- Electric Expense $1,000
- Insurance Expense $6,800
- Water Sewer Expense $3,000
- Operating Expense $30,000
- Net Operating Income $80,000
Ownership History
Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Purchase Details
Map
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $985,000 | None Available | |
| Warranty Deed | $800,000 | None Available | |
| Warranty Deed | $800,000 | None Available | |
| Warranty Deed | $300,000 | -- | |
| Warranty Deed | $300,000 | -- | |
| Warranty Deed | $95,000 | -- | |
| Warranty Deed | $95,000 | -- | |
| Warranty Deed | $45,500 | -- | |
| Warranty Deed | $45,500 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,200,000 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $650,000 | Purchase Money Mortgage | |
| Previous Owner | $210,000 | Commercial | |
| Previous Owner | $225,000 | Commercial |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/22/2024 11/22/24 | Sold | $985,000 | -4.8% | $235 / Sq Ft |
| 10/23/2024 10/23/24 | Pending | -- | -- | -- |
| 10/10/2024 10/10/24 | Price Changed | $1,035,000 | -1.4% | $246 / Sq Ft |
| 09/20/2024 09/20/24 | Price Changed | $1,050,000 | 0.0% | $250 / Sq Ft |
| 09/10/2024 09/10/24 | Rented | $1,600 | 0.0% | -- |
| 09/09/2024 09/09/24 | For Sale | $1,100,000 | 0.0% | $262 / Sq Ft |
| 09/09/2024 09/09/24 | For Rent | $1,600 | 0.0% | -- |
| 05/30/2024 05/30/24 | Rented | $1,600 | -3.0% | -- |
| 05/18/2024 05/18/24 | For Rent | $1,650 | 0.0% | -- |
| 05/16/2024 05/16/24 | Rented | $1,650 | 0.0% | -- |
| 05/09/2024 05/09/24 | For Rent | $1,650 | 0.0% | -- |
| 06/15/2023 06/15/23 | Rented | $1,650 | +32.0% | -- |
| 06/13/2023 06/13/23 | Under Contract | -- | -- | -- |
| 06/06/2023 06/06/23 | Price Changed | $1,250 | -13.8% | $2 / Sq Ft |
| 04/27/2023 04/27/23 | Price Changed | $1,450 | -12.1% | $2 / Sq Ft |
| 04/11/2023 04/11/23 | For Rent | $1,650 | -- | -- |
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | -- | $408,400 | $86,000 | $322,400 |
| 2023 | $0 | $408,400 | $86,000 | $322,400 |
| 2022 | $0 | $408,400 | $86,000 | $322,400 |
| 2021 | $0 | $365,400 | $68,100 | $297,300 |
| 2020 | $0 | $365,400 | $68,100 | $297,300 |
| 2019 | $0 | $365,400 | $68,100 | $297,300 |
| 2018 | $0 | $344,300 | $68,100 | $276,200 |
| 2017 | $0 | $344,300 | $68,100 | $276,200 |
| 2016 | -- | $344,300 | $68,100 | $276,200 |
| 2015 | -- | $315,300 | $64,800 | $250,500 |
| 2014 | -- | $315,300 | $64,800 | $250,500 |
| 2013 | -- | $315,300 | $64,800 | $250,500 |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73287530
APN: PROV-330010-000000-000000
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