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461 Elmwood Avenue 465, Providence, RI 02907

$2,599,999
31
BD
16
BA
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List Price
$2,599,999
Status
ACTIVE
MLS#
1427053
Year Built
1930
Style
Stacked
Bedrooms
31
Bathrooms
16
Acres
0.13
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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

Taxes
$45,036
Lot Size
5,663
Flooring
Ceramic Tile, Hardwood, Vinyl
Heating
Baseboard, Gas, Steam
Cooling System Type
Window Unit(s)
Sewer
Connected, Public Sewer
Water Source
Public
Appliances
Gas Water Heater, Refrigerator
Basement
Exterior Entry, Full, Interior Entry, Partially Finished
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Listing courtesy of The Greene Realty Group. Contact: 888-278-5840

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