Description
Discover this prime investment opportunity with this 3 family home located on Providence's East Side. This property boasts a robust rental history and offers great potential for increased returns. The first and second floor units feature 2 bedrooms each, a full bath, kitchen and double parlors, providing ample living space for tenants.The second floor unit has been tastefully updated with a renovated kitchen and new windows. The third floor unit also features 2 bedrooms with plenty of room and natural light. Current rental rates are below market value, presenting an exciting opportunity for investors to increase income. With a vacant second floor unit and the third floor that will be vacant May 31, there is flexibility for rental adjustments. The first floor lease expires on August 31, 2025. Additional updates include a newly shingled roof in 2023, and 3 year old boilers for all units. The vinyl siding ensures low maintenance costs for years to come. Situated on a large lot with a two car garage, there is plenty of room for parking and outdoor enjoyment. Steps to the shops and restaurants of Hope Village, Whole Foods, Brown University, RISD and downtown Providence.
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6BEDS
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0.14ACRES
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3BATHS
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01/2 BATHS
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2,436SQFT
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$359$/SQFT
School Ratings & Info
Description
Discover this prime investment opportunity with this 3 family home located on Providence's East Side. This property boasts a robust rental history and offers great potential for increased returns. The first and second floor units feature 2 bedrooms each, a full bath, kitchen and double parlors, providing ample living space for tenants.The second floor unit has been tastefully updated with a renovated kitchen and new windows. The third floor unit also features 2 bedrooms with plenty of room and natural light. Current rental rates are below market value, presenting an exciting opportunity for investors to increase income. With a vacant second floor unit and the third floor that will be vacant May 31, there is flexibility for rental adjustments. The first floor lease expires on August 31, 2025. Additional updates include a newly shingled roof in 2023, and 3 year old boilers for all units. The vinyl siding ensures low maintenance costs for years to come. Situated on a large lot with a two car garage, there is plenty of room for parking and outdoor enjoyment. Steps to the shops and restaurants of Hope Village, Whole Foods, Brown University, RISD and downtown Providence.
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