8 Somerset Street, Providence, RI 02907

$1,200,000

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List Price
$1,200,000
Price Change
▼ $50,000 1789079335
MLS#
1416144
Status
ACTIVE
Type
Commercial
City
Providence
County
Providence
Year Built
1853

Property Description

Excellent investment opportunity in Providence! Expansive Lot! This well-maintained multi-family property features a total of 10 residential units, including nine 1-bedroom units and one 2-bedroom unit, providing a diverse rental mix and strong income-producing potential. Currently generating rental income, this property is ideal for investors seeking a stable asset in a desirable location with long-term upside. The building has been well cared for and offers are very large lot for possible future potential. Conveniently located near the Silver Lake and West End neighborhoods, residents enjoy easy access to local restaurants, cafes, grocery stores, parks, and neighborhood services. Minutes to Downtown Providence, offering dining, nightlife, entertainment, arts, and major employment centers. Easy access to Route 6, Route 10, Interstate 95, and Interstate 195. Close to Rhode Island Hospital, Hasbro Children's Hospital, educational institutions, public transportation, and approximately 15 20 minutes to T.F. Green Airport. A rare opportunity to acquire a strong income-producing asset in a prime Providence location.

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Listing courtesy of Listing Agent: Kyle Seyboth from Listing Office: Century 21 Limitless.

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