Rare opportunity to own a 7 unit apartment building (zoned for 6) in the heart of College Hill/Wayland neighborhoods. Quick walk (4 blocks) to Brown Campus and Thayer Street make this a high demand location. Currently used as cooperative housing with 5 units rented well below market and 2 vacant units. All leases expire in August 2024. Opportunity awaits to reposition this investment property-choose your own tenants and set your own rents! Each unit has its own gas meter and boiler. Gas fired hot water tanks are on a house meter. 1 electric meter. Small laundry room on site in basement for Tenants. Hardwood floors and fireplaces give these apartments charm. Vinyl siding and replacement windows allow for easier upkeep. Parking for up to 7 cars on property plus street parking available. Fire code compliant.
MLS# | 1365272 |
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Listing Type | For Sale |
Style | Commercial |
Sub-Type | Resale |
Status | Active |
Year | 1900 |
Days On Site | 49 |
Listing Provided By | Re/Max Professionals | Stacia Pietropaolo |
SQ Feet | 4,138 |
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Basement | Y |
Story(s) | 3 |
Building(s) | 1 |
Zoning | R-3 |
Acreage | 0.16 |
State | RI |
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County | Providence |
City | Providence |
Zip Code | 02906 |
Area | Providence |
Community Name | College Hill/Wayland |
Listing VS Median (in College Hill/Wayland) | |
Price: $1,650,000 low | high Med: $1,650,000 SqFt: 4,138 low | high Med: 4,138 $ / SqFt: $399 low | high Med: $399 On Site: 49 low | high Med: 49.000000 |