58 60 E Transit Street
58 60 E Transit Street Providence, Rhode Island 02906 United States

$999,900
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Listing Courtesy of Keller Williams Realty NRI
7
Bedrooms
4
Full Baths
.1148 Acres
Exterior
Multi-Family Homes
Property Type
1930
Year Built
1244786
Web Id
1244786
MLS ID
Fox Point / East Side of Providence
Subdivision
Providence
School District
139
days ago

About 58 60 E Transit Street

7.2% Cap Rate, Estimated $113,000 in annual gross rents and cash flow after mortgage of approx $20,000. Seven total units plus a garage on one lot. One three-family home and one four-family home on this one parcel comprise the 7 units. The front building is a 3-family with all 2-bedroom apartments (1 occupied, 2 vacant). The 4-family is located on the rear of the lot consisting of 2 2-bedroom units and 2 1-bedroom units (2 occupied, 2 vacant). Some of the apartments have electric baseboard heat. The two 1-bedroom units were recently remodeled with new kitchens, tile flooring, baths, granite counters etc. Great rental history to medical students/residents/fellows as well as Brown Univ. grad students. Tenants pay their own utilities w/ exception of 2 units where partial electric included. Potential for value add with condo conversion. Off-street parking available for roughly 6 vehicles. Newer roof on front building, replacement vinyl windows, and vinyl siding make this a great low maintenance investment opportunity. Located in the highly desirable Fox Point area on the East Side of Providence. This listing is part of a portfolio consisting of a total of 20 apartments with nearly $300,000 in annual gross rents. See MLS numbers 1244394 (123 Warren Ave, East Providence) and 1244418 (364 High St, Central Falls) for more info along with attached profit and loss statements. These properties can be sold as a package for the savvy investor or individually by MLS listing

PROPERTY INFORMATION

Garage Info
1
Heating
Baseboard, Forced Air, Forced Water, Space
Sewer
Connected
Water
Connected

EXTERIOR

Exterior Features
Vinyl Siding
Listing Courtesy of Keller Williams Realty NRI
Listing Courtesy of Keller Williams Realty NRI