United StatesRhode IslandProvidence171 173 Prospect, 7173 Olney Street

171 173 Prospect, 7173 Olney Street
171 173 Prospect, 7173 Olney Street Providence, Rhode Island 02906 United States

$3,750,000
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Listing Courtesy of Mott & Chace Sotheby's Intl.
$3,750,000
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Commercial
Property type
1920
Year Built
1295486
Web Id
1295486
MLS ID
College Hill, East Side
Subdivision
Providence
School District
56
days ago

About 171 173 Prospect, 7173 Olney Street

171-173 Prospect/71-73 Olney is a residential apartment investment opportunity like no other the East Side of Providence has ever seen. These two three-family apartment homes are located at the corner of Prospect and Olney streets, in the heart of College Hill with easy access to amenities like Whole Foods, Starbucks, and the shops at University Heights. These apartments are close to everything, offering comfortable, suburban living while maintaining quick entry to downtown and the commuter rail. The two properties, comprising 9,500 sqft, 30 bedrooms, 14 bathrooms and 8 parking spaces, were developed with the Brown University, RISD and Johnson & Wales (all within 1/2 to 1 mile away) higher-end student market in mind. Gutted to the studs, each unit has new electrical, new plumbing, new HVAC (heating and central A/C), fire safety sprinklers and alarm systems. The interiors offer granite/stainless kitchens, ceramic tile bathrooms, modern appliances, designer color schemes and refinished wood flooring. Each unit also comes fully furnished. Rented by the bedroom, each contains queen-sized bed, dresser, night-stand, desk and chair. Common spaces have club chairs, couches, coffee tables, end tables, 55" flatscreen TV and full dining room sets. This is a fully turnkey investment. With over $350,000 in gross income, this is smart money for the savvy investor.

PROPERTY INFORMATION

Cooling
Central Air
Heating
Forced Air
Location
Urban
Sewer
Public Connected
Water
Public Connected
Listing Courtesy of Mott & Chace Sotheby's Intl.
Listing Courtesy of Mott & Chace Sotheby's Intl.
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Listing Courtesy of Mott & Chace Sotheby's Intl.
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