83 Terrace Avenue, Providence, RI 02909

$649,000
5
BD
3
BA

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List Price
$649,000
MLS#
1421951
Status
ACTIVE
Type
Multifamily
City
Providence
County
Providence
Bedrooms
5
Bathrooms
3
Year Built
1900

Property Description

Silver Lake 3-Family Investor or Owner-Occupant Opportunity. Three units in one of Providence's steadiest rental pockets. The setup is a 1-bedroom first-floor unit plus two 2-bedroom apartments on the second and third floors, with an attached 2-car garage and off-street parking. Live in one and let the other two carry you, or drop it straight into your portfolio. Projected $72,000 in annual rental income once all units are rented at market rate. All tenants are currently month-to-month. Strong in-place and market rents, Section 8 friendly, and a location that stays rented. Whether you're house-hacking your first multi or adding to a growing portfolio, this is a turnkey three-unit in a neighborhood that holds its demand. Schedule your showing today.

Additional Information

Electric
100 Amp Service
Basement
None
Cooling
Wall Unit(s)
Sewer
Connected, Public Sewer

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Calculator source: Real Geeks

Listing courtesy of Listing Agent: Devon Urena from Listing Office: Smith and Oak Real Estate Co..

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