2 Oakleigh Avenue, North Providence, RI, 02911

CALL FOR OFFERS DUE SUNDAY JULY 2ND BY 8 PM. Assumable Freddie Mac Debt at 3.66% interest, 30 Year amortization, maturity in September 2031, Interest only payments through September 2024, balance $1,277,000! Rare legal 12-unit fully renovated in past 5 years with gorgeous new kitchens, baths, flooring, heating systems etc. Each of these 2 bedroom / 1 bath townhome style apartments boasts a full private basement with laundry hookups, open floor plan on main level with large eat-in kitchen and living room. Kitchens have new cabinets, granite counters, full stainless steel appliance suite including over the range microwave, dishwashers, refrigerator and oven. The second floor features a full bath and 2 bedrooms. There are a total of 18 dedicated parking spaces available for the 12 units. This is a perfect mix of turnkey and value-add. Turnkey in that renovations are complete on all 12 units, value-add in room to increase rents, charge for parking etc. Total proforma income of more than $230,000 with current income of just under $200,000. These apartments were renovated with 3 high efficiency heating systems which provide heat to all 12 units so heat and hot water is included in rent. Tenants pay their own electricity. This property is fully fire coded located very close to Smithfield line.

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Listing courtesy of Premier Properties RI Phone: 401-236-6008