94 Ridge Street, Providence, RI 02909

Property Description

Excellent investment opportunity in desirable Federal Hill! Situated on an oversized lot in an R-4 zone, this fully occupied property offers strong tenant retention and significant potential for future growth. Numerous updates have been completed throughout the units, including modern kitchens and bathrooms, while original hardwood floors retain the property's classic character. Mechanical improvements include high-efficiency, on-demand heating systems and an updated fire-safety system. Plentiful parking on site. Utilities separate. Additional opportunities may exist to enhance income through storage, parking, laundry, rent optimization, property improvements, or future development, subject to applicable approvals. Buyers and their agents are encouraged to perform their own due diligence. Location offers walkability and close proximity to area entertainment, dining, and shopping. Easy access to public transportation, Rt 10, 6, & 95, and minutes to Downtown Providence Train Station. Within 10 minutes or less of major hospitals, universities, and state offices. Walk or bike to Downtown Providence.