Providence, RI 02908,164 Regent AVE
Providence, RI 02908,164 Regent AVE
Providence, RI 02908,164 Regent AVE
7
$600,000
$629,900
4.7%
Est.Price: ?

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8 BD
4 BA
3,448 SqFt

164 Regent AVE Providence, RI 02908

Est. payment /mo
SOLD DATE : 03/14/2024

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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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Listed by eXp Realty
Bought with eXp Realty

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agent

Michael Hannigan

Realtor® | License ID: MA9569074

+1(617) 888-6606

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