31 Gilmore Street, Providence, RI, 02907
12 rooms
6 beds
3 Full baths
1930
Stacked
This well-maintained 6-bedroom 3-bathroom multifamily property presents a strong investment opportunity for both owner occupants and traditional investors. "The Gilmore" is currently operated as a successful short term rental property, generating 6 figure rental income. This property can also be operated as a traditional multi-family rental with estimated rent roll exceeding $57k. This can also be a great opportunity for multi-generational and owner-occupied living while building equity. Recent capital improvements include the installation of two new boilers, blow-in insulation for efficiency, a new water main, and no-maintenance PEX plumbing throughout. If the buyer wishes to continue operating the property as a short term rental, the seller is willing to stay onboard to support the transitional period and offer consulting as part of the transaction. Furnishings, linens, and all fixtures (excluding artwork) are negotiable. Established operational systems, including housekeeping, laundry services, and a dedicated handyman, are in place to support continued operations if the buyer chooses to continue with short term rentals. This property can be delivered as a turn-key short term rental, or vacant and ready for its new owner and tenants.
Status:
Active
Type:
Multi-family
Units:
2
Garage:
No Garage
Heating:
Baseboard, Gas, Hot Water
Cooling:
None
Basement:
Exterior Entry, Full, Interior Entry, Unfinished
Parking:
6-car
Acreage:
0.08
Est. Taxes:
$5,466
Assessment
$417,000
Construction
Vinyl Siding
Utilities
Sewer Connected
Amenities:
Highway Access, Near Hospital, Near Schools, Public Transportation, Shopping, Sidewalks
Days on Market:
18
Appliances:
Gas Water Heater, Microwave, Oven, Range, Refrigerator
MLS #:
1411713
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of Century 21 Visionary Group 401-380-6020