206 Smith Street

Description

The ideal location for a Buyer who needs work-from-home space in the Smith Hill neighborhood of Providence. This mixed-use property is only a 10-minute walk and a four-minute drive from the Amtrak Train Station and downtown Providence. Currently, the first floor is used as a design office and meeting space, but C1 zoning allows for many options. The first floor includes a full bath, front and rear entry, and access to the basement. Upstairs is a beautiful, two-story residential unit with 4 to 5 bedrooms, a remodeled full bath and kitchen, and gorgeous original architectural details still in place. There is parking for three cars in the rear currently, and a great city garden with space for parking expansion. Smith Hill is a neighborhood prime for development, with many new projects upcoming. The location is ideal for someone with a train commute, an owner-occupied buyer who needs work-from-home space, or someone looking to collect rental income while holding their own office space on the first floor. Get into this neighborhood before prices blow up! This property is currently owner-occupied, with no leases in place. Subject to Seller finding Suitable Housing, they do have a contract to purchase, also on MLS as Mixed-Use listing, MLS#1347693 and Multi-Family MLS # 1347884. The property will qualify for a conventional residential loan, this census tract allows for a special loan program offering an interest rate of 2% LESS than market rate for new home owners.