61 DePasquale Avenue, Providence, RI 02903

Property Description

Excellent investment opportunity in the heart of Federal Hill's iconic DePasquale Plaza with excellent rental history. First floor tenant is in year 4 of a five year lease with rental renewal options. The restaurant offers access to an outdoor dining area, where the ambiance of DePasquale Plaza is unmatched, especially in the summer months. The second-floor apartment features an updated eat-in kitchen with stainless steel appliances, a renovated bathroom, in unit laundry, living room, and two generously sized bedrooms. The third-floor apartment offers two-story loft living. The main level includes an updated kitchen and bathroom with laundry, open living area, and one bedroom. The second-level loft serves as a spacious primary bedroom. The young roof and all major mechanical system updated within the past few years make this a turn-key mixed-use investment in one of Providence's most vibrant and high-demand locations.