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$1,050,000
Est. payment /mo
0.44 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 1395451
HOA Y/N No
Year Built 1910
Annual Tax Amount $22,471
Tax Year 2025
Contingent Inspection Period
Lot Size 0.441 Acres
Property Sub-Type Commercial
Property Description
Prime investment opportunity! 8-Unit residential building in the Silver Lake area of Providence. This fully occupied building offers consistent rental income and long-term potential. 4 one-bedroom apartments and 4 two-bedroom apartments. Ample on-site parking with 28 dedicated parking spaces (14 on each side of the building). Eligible for condo conversion, adding significant upside potential. Roof was replaced just 7 years ago and electric heat is featured throughout the building. Owner currently rents out parking spaces to nearby tenants as well. With a stable cash flow this property is an excellent opportunity for both seasoned investors and those looking to expand their portfolio. Don't miss the chance to own a solid income-producing asset in one of Providence's most established residential communities.
Location
State RI
County Providence
Exterior
Total Parking Spaces 28
Building
Sewer Public Sewer
New Construction No
Others
Tax ID 122126LOWELLAVPROV
Virtual Tour https://tour.RiLiving.com/122-Lowell-Avenue-Providence-RI-02909
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