319 admiral Street, Providence, RI 02908

Property Description

Turnkey 4-Unit with 5-Unit Income Potential This massive property is currently structured as a 4-unit multi-family home with an incredible bonus: an additional space that is already structurally separated and prepped for an Accessory Dwelling Unit (ADU) apartment. With the right finishing touches and local approvals, you can easily convert this property into a lucrative 5-unit building, maximizing your monthly cash flow and skyrocketing your return on investment. The Highlights Prime Location: Situated in the desirable Wanskuck area, you are located within minutes of Providence College, making this an absolute magnet for student housing or faculty rentals. Enjoy effortless commuting with quick access to downtown Providence, major highways, and local shopping. Major Capital Upgrades Already Done: Save thousands in immediate renovation costs! The building boasts a newer roof and clean vinyl siding, giving it excellent curb appeal and lower long-term maintenance costs. Turnkey Infrastructure: Move forward with absolute peace of mind. The property features an updated electrical service and a brand-new fire alarm system. Best of all, the seller has a lead certificate in hand, saving you a massive compliance hurdle. Massive 10,500 SF Lot: Properties with this much land are rare in the city. The spacious, paved lot provides plenty of off-street parking for all tenants a premium feature that commands top dollar in the Providence rental market.