56 Felix Street, Providence, RI 02908

Property Description

Well maintained three family in Smith Hill with a vacant 2nd floor unit, strong rental income, and approximately six off street parking spaces. Each unit offers 2 bedrooms and 1 full bath with spacious kitchens, separate living rooms, hardwood flooring, and good natural light. Current rents are $1,950, $1,950, and $1,600 per month for $5,500 in total monthly income. The vacant 2nd floor gives an owner occupant the opportunity to move right in while collecting income from the other two units. Investors have a solid income producing property with separate utilities and strong existing rents. Recent improvements include updated bathrooms, interior paint, flooring, plumbing work, upgraded appliances, a new hot water heater, and servicing of all three heating systems. The basement offers coin operated laundry along with three separate secured storage rooms for tenant use. Approximately six off street parking spaces add another major convenience. Convenient Smith Hill location close to Providence College, downtown Providence, hospitals, shopping, restaurants, and highway access. A well maintained three family with strong income and plenty of flexibility for the next owner. (Owner Occupied Taxes $4032)