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Description
Large 6-family on an oversized corner lot in fantastic Mt. Pleasant area of Providence with loads of off-street parking with potential to generate additional income. Fully occupied with current rents of more than $82,000 per year in gross rents! All apartments are spacious 1-bedrooms with one bath each. One boiler provides heat to all tenants so both electricity and gas are included in rent. Coin Operated laundry located in basement also generates additional income of approximately $30-$50 per month. This property is Highly energy efficient and has been RISE certified on two different occasions. Dual hot water tanks installed in parallel ensure tenants receive consistent flow of hot water even if one water tank goes down. This property is fully fire coded and this turnkey investment property is ready to cash flow for you on day one yet with some room for value add with increased rents, parking income, basement storage income etc.
Location
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Listing Office: Premier Properties RI
Attribution contact: 401-236-6008