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71 Olney Street

Providence, RI 02906
  • $1,650,000
  • STATUS: Active
  • ON SITE: 24 Days
  • MLS #: 1360300
$1,650,000
  • 15
    BEDS
  • 0.06
    ACRES
  • 7
    BATHS
  • 0
    1/2 BATHS
  • 4,671
    SQFT
  • $353
    $/SQFT
Type:
Multi-Family
Built:
1920
County:
Area:

School Ratings & Info

Description

**The property is being sold in a package with 173 Prospect St, MLS#1360296. Both properties must be purchased together, total price $3,300,000** 173 Prospect Street and 71 Olney Street present a unique turn-key investment opportunity with 30 Bedrooms and 14 bathrooms, primarily rented to graduate students from Brown University, RISD, and JWU. Both properties have been renovated with new electrical service and wiring, plumbing, HVAC, hardwired sprinkler system and alarm system, new kitchens, appliances, and bathrooms. 8 parking spaces. These units are fully furnished and rented by the bedroom, each individual lease is co-signed. This is a great addition to any portfolio. Conveniently located near the Universities, Whole Foods, and highway.

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[Rhode Island Statewide MLS] logo

© 2024 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than Onshore Realtors are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or Onshore Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2024-06-22T23:37:41.39.
www.onshorerealtors.com/homes/151061922
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71 Olney Street Providence, RI 02906

  • Price: $1,650,000
  • Status: Active
  • On Site: 24 Days
  • MLS #: 1360300
15
Beds
7
Baths
0
½ Baths
0.06
Acres
4,671
SQFT
$353
$/SQFT
1920
Built
County:
Providence
Area:
Providence
Property Description
**The property is being sold in a package with 173 Prospect St, MLS#1360296. Both properties must be purchased together, total price $3,300,000** 173 Prospect Street and 71 Olney Street present a unique turn-key investment opportunity with 30 Bedrooms and 14 bathrooms, primarily rented to graduate students from Brown University, RISD, and JWU. Both properties have been renovated with new electrical service and wiring, plumbing, HVAC, hardwired sprinkler system and alarm system, new kitchens, appliances, and bathrooms. 8 parking spaces. These units are fully furnished and rented by the bedroom, each individual lease is co-signed. This is a great addition to any portfolio. Conveniently located near the Universities, Whole Foods, and highway.
Exterior Features

Construction Materials Wood Siding Covered Spaces 0 Foundation Details Stone Garage YN No Parking Features No Garage Parking Total 4

Interior Features

Appliances Electric Water Heater Basement Full Interior Entry Unfinished Basement YN Yes Cooling Central Air Cooling YN Yes Fireplace YN No Fireplaces Total 0 Flooring Hardwood Heating Forced Air Gas Heating YN Yes

Property Features

Electric Item200 Amp Service Human Modified YN No Inclusions P& L available upon request Land Lease YN No New Construction YN No Operating Expense 0 Property Sub Type Multi Family Senior Community YN No Sewer Public Sewer Structure Type Apartment Tax Annual Amount 18419.73 Tax Assessed Value 1003800 Tax Lot 570 Tax Year 2024 Water Source Public Zoning R-3

[Rhode Island Statewide MLS] logo Listing information © 2024 State-Wide Multiple Listing Service.
Listing provided courtesy of William Raveis Inspire: .



[Rhode Island Statewide MLS] logo

© 2024 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than Onshore Realtors are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or Onshore Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2024-06-22T23:37:41.39.
 
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Onshore Realtors
57 Shore Rd, Suite B
Westerly RI, 02891