Don’t miss this rare opportunity to own a well-established mixed-use property located on highly desirable Waterman Avenue. This income-producing asset features a thriving restaurant and two spacious residential units, offering strong investment potential.The first floor is home to a successful, long-standing restaurant with over 30 years of operation. The space includes a full-service bar, fully equipped kitchen, two restrooms, and a charming outdoor patio—perfect for additional seating during the warmer months.The second floor features two large apartments, each offering 3 bedrooms, 1 full bathroom, bonus rooms, separate dining rooms, and generously sized kitchens ideal for maximizing rental income or owner-occupancy.The property has been well maintained with major exterior updates completed within the past year, including vinyl siding, roof, and fresh exterior paint. A nicely paved driveway in the rear adds convenience for tenants and patrons alike.Positioned in a high-visibility
472 Waterman Ave, East Providence, RI, 02914
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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