19 Vale Street, Providence, Residential Income

Description

Looking for an iconic and versatile “triple decker” in a super convenient area of Providence? This could be your lucky day! These homes dominated New England cities for years for so many reasons, all of which are completely relevant in today’s market. Affordability is a main factor as the owner can live on one floor and rent the other two units, making home ownership affordable. Triple deckers are also a great way for extended families to pool their resources and live together under one roof while enjoying the independence and privacy of their own home. Each apartment is spacious with hardwoods, intact woodwork and swirl ceilings throughout. The second and third floors have 3 beds and 1 bath each. The first floor unit is a bit different as the bathroom was modified to include an accessible shower and laundry area which eliminated the 3rd bedroom. Each apartment has a private porch with views of a great city park with green space, walking path and full indoor/outdoor recreation center just steps from the driveway. This long-loved home sits on an oversized lot with large 3-car garage. While the apartments themselves have been well-maintained they have not been updated in some time. Some exterior painting and repair is also needed and the house is priced to reflect this, providing an easy opportunity to add significant value.