$715,000
About this home
Take a look at this turn key, fully performing 7- Unit, comprising two separate buildings. Not only is this a great revenue generator but will certainly grow in value due to its layout and location! The property is made up of six 1 bed on bath units in a well laid out manor on the rear of the property and a 2 bed 1 bath single family cottage in the front. The buildings feature a new roofs, new mechanicals, and a new fire system. Conveniently located in the heart of Providence, this area is close to all amenities and highways for easy commute! This could be your next money maker that doesn’t make you work! No work, all play with this one. Let this be your next investment property and have no headaches.Tenants are responsible for their own utilities. High cap rate of 8.80%
Affordability — calculate your monthly payment
Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrJumbo at 4% APR.
- Real estate (PITI + HOA + PMI)
- $4,874
- Utilities
- $2,690
- Transportation
- $170
- Other (entertainment)
- $140
Quick facts
At a glance
Home features
Neighborhood — 02909
| Metric | This ZIP | County | USA |
|---|---|---|---|
| Population | 51,879 | 1,095,423 | 299,088,112 |
| Population Change Since1990 | 23.00% | 9.00% | 20.00% |
| Population Density | 14,793 | 994 | — |
| Male | 25,302 | 529,266 | 147,432,321 |
| Female | 26,576 | 566,157 | 151,655,844 |
| Never Married | 16,308 | 266,404 | 63,775,926 |
| Married | 13,033 | 435,678 | 123,120,365 |
| Separated | 3,257 | 43,642 | 12,639,686 |
| Widowed | 2,457 | 66,668 | 15,467,586 |
| Divorced | 3,858 | 83,843 | 23,075,029 |
| Number Of House Hold | 18,418 | 410,399 | 111,826,380 |
| Average House Hold Size | 2.76 | 2.56 | 2.60 |
| Medial Age | 28.34 | 37.27 | 35.46 |
| Median House Hold Income | $26,191 | $47,553 | $48,276 |
| Average House Hold Income | $37,193 | $61,609 | $63,629 |
| P C I | $13,721 | $23,965 | $24,529 |
| M D I | $23,935 | $40,634 | $41,133 |
| A T H E | $36,127 | $49,940 | $50,898 |
| S T R | 7.00% | 7.00% | — |
| W C J | 75.63% | 78.02% | 77.74% |
Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.
Map & walkability
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Listing information last refreshed 11/1/2023. Provided courtesy of the listing office via RI & State Wide MLS. Information deemed reliable but not guaranteed.