12 University Avenue, Providence, RI, 02906
14 rooms
8 beds
5 Full baths
1900
Stacked
This is the East Side two-family people wait years for. Fully gut renovated in 2020, from the foundation up, and currently leased through May 2027 with zero vacancy history and $105,600 in annual gross income. The work is done. The tenants are in. You collect. Unit 2 spans two levels with five bedrooms, three baths, and lives like a private townhouse. Unit 1 offers three bedrooms and two baths with its own independent footprint. Central air, in-unit laundry, off-street parking, outdoor space, and high-end finishes throughout both units. At $8,800/month in combined rent with tenants covering gas and electric, this property generates approximately $80,040 NOI with leases resetting in 2027. For investors, this is a clean, stabilized East Side hold. For 1031 buyers, it checks every box. For the right owner occupant, it's a rare chance to live large while the income works for you.
Status:
Active
Type:
Multi-family
Laundry Remarks:
In Unit
Units:
2
Zoning:
R3
Frontage:
0
Subdivision:
EAST SIDE
Garage:
No Garage
Heating:
Forced Air, Gas
Cooling:
Central Air
Basement:
Exterior Entry, Full, Interior Entry, Unfinished
Parking:
2-car
Acreage:
0.08
Est. Taxes:
$18,131
Assessment
$1,295,100
Construction
Drywall,Vinyl Siding
Utilities
Sewer Connected
Amenities:
Highway Access, Near Hospital, Near Schools, Pool, Public Transportation, Recreation Area, Restaurant, Shopping, Tennis Court(s), Sidewalks
Days on Market:
13
Appliances:
Gas Water Heater
MLS #:
1405866
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of Compass Massachusetts, LLC 401-274-1644