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164 Regent AVE Providence, RI 02908
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Key Details
Sold Price $600,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,448 sqft
Price per Sqft $174
Subdivision Mt Pleasant, Mount Pleasant
MLS Listing ID 1350618
Sold Date 03/14/24
Bedrooms 8
Full Baths 4
HOA Y/N No
Abv Grd Liv Area 3,448
Year Built 1940
Annual Tax Amount $6,654
Tax Year 2023
Lot Size 3,920 Sqft
Acres 0.09
Property Description
Renovated 4-Unit Property
Discover a remarkable investment in this beautifully renovated 4-unit property, boasting an array of modern updates and conveniences. Each unit has been thoughtfully updated, reflecting a commitment to quality and comfort, making it an ideal choice for discerning investors.
Each unit features new flooring and fresh paint. The renovations extend to the bathrooms and kitchens.
The property includes a generous parking area, providing ample space for tenants, a significant advantage in residential rental properties.
A huge basement offers practical storage solutions and houses 4 newer gas hot water tanks.
This property adheres to safety standards, being lead-safe and fire-coded.
Fully rented with long-term tenants, most of whom have called this place home for over 10 years.
While the rents are currently set below market rate out of the landlord's choice to maintain long-term tenancies, there is substantial potential to increase rental income, offering an attractive opportunity for revenue growth.
This property represents a unique blend of modern living and investment savvy. The combination of prime condition, safety compliance, and stable tenant base makes it an attractive proposition for investors. With the potential to increase rents, this property promises not just immediate returns but also long-term growth prospects.
Seize this opportunity to own a turn-key investment property in a desirable location.
Location
State RI
County Providence
Community Mt Pleasant, Mount Pleasant
Rooms
Basement Full, Interior Entry, Unfinished
Interior
Interior Features Bathtub, Tub Shower, Cable TV
Heating Baseboard, Electric
Cooling None
Flooring Ceramic Tile, Hardwood
Fireplace No
Appliance Gas Water Heater, Oven, Range, Refrigerator, Water Heater
Exterior
Exterior Feature Paved Driveway
Community Features Highway Access, Near Schools, Public Transportation, Shopping
Utilities Available Sewer Connected
Total Parking Spaces 6
Garage No
Building
Sewer Connected, Public Sewer
Water Connected, Public
Structure Type Drywall,Plaster,Clapboard,Wood Siding
New Construction No
Others
Senior Community No
Tax ID 164REGENTAVPROV
Financing Conventional
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