Remarks

This five-unit property in East Providence is an ideal investment opportunity. The units are in great condition. The property includes 11 off-street parking spots and a two-car garage that could generate extra income. It is located in a great area, making it even more appealing to potential tenants. This building has a proven record of strong rental history for over 20 years. The rents are currently lower than market value. The five units include four one-bedroom units and one two-bedroom unit. In addition to being in great condition, each unit has separate utilities and coin-operated laundry and storage in the basement. One unit is now available to rent, freshly painted, featuring a new bathroom floor and new toilet. It's available instantly with a revised rental rate at your chosen price to immediately boost the cap rate!

Details

MLS#: 1380193
Price: $699,000

Style: Commercial Sale
Sq Ft: 3134
Year Built: 1910

County: Providence
Subdivision: Central
Tax Fee: 9710