241 Pocasset Avenue, Providence, RI 02919
- $1,500,000
- 11
- BD
- 8
- BA
- List Price
- $1,500,000
- Status
- ACTIVE
- MLS#
- 1409780
- Price Change
- ▼ $99,999 1785997775
- Year Built
- 2024
- Style
- Stacked
- Bedrooms
- 11
- Bathrooms
- 8
- Acres
- 0.06
Property Description
Turnkey, high-yield 8-unit new construction investment ready for immediate cash flow. Nearing completion and already in the process of securing tenants, this asset eliminates lease-up risk and positions the next owner for instant income. Featuring a desirable mix of 1-bedroom and 2-bedroom units, the property caters to strong rental demand. A valuable 5-year tax stabilization agreement is in place, with taxes starting at just 20% in Year 1 and 40% in Year 2 dramatically boosting early returns and investor ROI. Priced at $1,750,000, this is an exceptional opportunity for a savvy investor to acquire a low-maintenance, income-producing asset with significant financial advantages and long-term appreciation potential.
Additional Information
- Lot Size
- 2,523
- Flooring
- Vinyl
- Heating
- Gas
- Cooling System Type
- Central Air
- Sewer
- Connected
- Water Source
- Connected, Public
- Appliances
- Gas Water Heater
- Basement
- Full, Finished, Interior Entry
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Listing courtesy of Innovations Realty. Contact:
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