Property Back to Market Report Property

461 Elmwood Avenue 465, Providence, RI 02907

$2,599,999
12
BD
4
BA
Property Back to Market Report Property
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List Price
$2,599,999
MLS#
1427053
Status
ACTIVE
Type
Multifamily
City
Providence
County
Providence
Bedrooms
12
Bathrooms
4
Year Built
1930
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Property Description

RARE FIND! Cash Flow Positive with 9% Cap Rate 16 Residential Units Fully registered with Lead Certificates in place. Gross annual rent of $329,000 with NOI of $235,000. Renovated inside and out in 2024. New gas lines, electric upgrades, new hot water heaters and many cosmetic updates. Unit Mix - Five 3 bed / 1 bath. Three 2 bed / 1 bath. Five 1 bed / 1 bath. Three Studio / 1 bath. Seller is licensed RE agent.

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Additional Information

Electric
Separate Meters
Cooling
Window Unit(s)
Sewer
Connected, Public Sewer
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Listing courtesy of The Greene Realty Group. Contact: 888-278-5840

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