$2,599,999

About this home

RARE FIND! Cash Flow Positive with 9% Cap Rate 16 Residential Units Fully registered with Lead Certificates in place. Gross annual rent of $329,000 with NOI of $235,000. Renovated inside and out in 2024. New gas lines, electric upgrades, new hot water heaters and many cosmetic updates. Unit Mix - Five 3 bed / 1 bath. Three 2 bed / 1 bath. Five 1 bed / 1 bath. Three Studio / 1 bath. Seller is licensed RE agent.

Property facts

Property type

Multi Family

Year built

1930

Lot size (acres)

0.13

Total rooms

60

Garage spaces

0

Total parking

0

Annual taxes

$45,036

Tax year

2025

County

Providence

Features

Heating

Natural Gas, Baseboard, Steam

Cooling

Window Unit(s)

Basement

Full, Interior and Exterior, Partially Finished, Bathroom, Bedroom(s), Common, Kitchen, Laundry, Utility

Appliances

Refrigerator, Gas Water Heater

Interior

Wall (Dry Wall), Wall (Paneled), Wall (Plaster), Insulation (Ceiling), Insulation (Walls)

Fireplace

None

Laundry

In Building

Parking

No Garage

Construction

Dry Wall, Paneled, Plaster, Brick, Masonry

Sewer

Public Connected

Water

Public

Community

Bus, Highway Access, Public School, Recreational Facilities, Schools, Shopping

Location