Remarks

Prime Multi-Family Investment Opportunity – 98, 100, & 102 Penn Street, Providence, RI An exceptional investment opportunity on Providence’s sought-after West Side, this portfolio consists of three adjacent multi-family properties, offering strong income potential, ease of management, & future condo conversion possibilities. **98 Penn Street is a well-maintained three-family home featuring three two-bedroom, one-bath units with hardwood floors, architectural details, & updated mechanicals. Long-term tenancy has kept rents below market, creating immediate value-add potential.**100 Penn Street is a newer construction two-family home with immaculate, modern units featuring spacious layouts & contemporary finishes. A low-maintenance investment with strong rental appeal, this property offers turn-key efficiency.** 102 Penn Street is a large three-family property featuring two three-bedroom, one-bath units & one two-bedroom, one-bath unit. The building has a maintenance-free exterior, updated interiors, & ample off-street parking. ** With long-term occupancy, below-market rents, & strong appreciation potential, these properties generate immediate cash flow with significant upside. Conveniently located between Atwells Avenue & Broadway, tenants benefit from easy access to downtown Providence, the East Side, hospitals, highways, & the train station. **A rare opportunity to acquire a well-positioned, income-producing portfolio in one of Providence’s most vibrant neighborhoods.

Details

MLS#: 1378534
Price: $2,000,000

Style: Commercial Sale
Year Built: 1920

County: Providence
Subdivision: West Side/ Federal Hill
Tax Fee: 2024