Overview
- Updated On:
- April 6, 2023
Description
This 1930 Architectural Colonial is an Eccentric, Excellent an Exceptional Investment Property, with 5 occupied residential apartments, all hard wired.*Multi-Family @100% Occupancy Rate with Month to Month leases at $16.97 per sqft. This Four Basis Return comprises of an income stream of gross rents more than $92,000+.See(APOD). Utilities included, except for the 2TH. pay their own electricity, heat inclusive.The main entry porch welcomes you to the foyer used as mail/package room aka mud room. This open architectural stairway leads to the reimagined custom -sunny mezzanine, which was custom redesigned by the former owners to hosts condo style units -: (C.D & E). Originals features like built -In cabinets in the living rooms. You find high ceilings and all levels are lined up with wide windows adding natural light. The entire building floor plans, has a condominium concept feel to it; each unit has a back door leading to the backyard for domestic functions. Common space corridors also fully updated with fresh paint, new flooring, and up to date maintenance on all units. This property offers some extraordinary opportunities; with the huge basement/9FT ceiling, which has a high potential to add a coin operated washer & dryer machines for tenants convenient as a common space. This Cash on Cash is centrally located off Historic Elmwood Street, with easy access to Boston/95- walk/drive/bike/uber less mins to Downtown Providence, PPAC, and enjoy local restaurant by Atwells Avenue.
- Principal and Interest
- Property Tax
- HOA fee
