264 Bowen Street, Providence, RI, 02906
1890
Turn-Key College Hill Gem- 5 Apartments and 2 Office spaces with Strong Rental History. Discover a rare investment opportunity in the heart of Providence's vibrant College Hill, directly across from Brown University's athlectic complex! This meticulously maintianed property, renovated and managed by an owner/carpenter, features Five one bedroom apartments and two office spaces, offering immediate income and growth potential. Five Modern Apartments: Each one bed unit boasts granite and stainless kitchens, gleaming hardwood floors central Hvac and access to coin-op laundry.Kept in pristine condition, these apartments have been consistently rented for 12 years to Brown University post grad/allumni with below market rents offering significant upside for future increases. Turn-Key and tailored for quick turnover, these units are ideal for investors or owner- occupants seeking a premium living space. Stable and Flexible Commercial spaces: The main office space is secured by a five-year lease with a reliable long term tenant (12 years and counting)featuring built-in rent increases for steady income. A smaller unoccupied office offers versatility-perfect for a new tenant or for an owner's personal use. Prime Location: Situated in the heart of College Hill, steps from Brown University and local amenities, this property benifits from high demand due to its walkabilty and proximity to campus and medical facilities.The Location ensures strong tenant interest and excellent visibility.
Status:
Pending
Type:
Commercial
Furnished Remarks:
Furnished
Laundry Remarks:
Common Area,Laundry Room
Units:
7
Complex:
College Hill
Heating:
Central, Gas
Cooling:
1 Unit, Central Air
Basement:
Full
Parking:
9-car
Est. Taxes:
$25,116
Assessment
$1,250,800
Permitted Use
Multi-Family,Mixed Use
Utilities
Cable Available,Electricity Available,Natural Gas Available,Natural Gas Connected,Municipal Utilities,Water Connected,Sewer Connected
Lot Description:
Historic District
Amenities:
Business Center, Indoor Pool, Maintenance, Playground, Pool, Recreation Facilities, Restaurant, Recreation Room, Tennis Court(s), Trail(s)Business Center, Clubhouse, Highway Access, Maintenance On-Site, Near Hospital, Near Schools, Playground, Pool, Public Transportation, Recreation Area, Restaurant, Shopping, Sidewalks, Tennis Court(s), Trails/Paths, Street Lights
Days on Market:
42
Pool:
Community, Indoor
MLS #:
1391984
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of McCarthy's Realty 401-301-8910