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62 John Street

Providence, RI 02906
  • $4,500,000
  • STATUS: Active
  • ON SITE: 45 Days
  • MLS #: 1326829
UPDATED: 37 min ago
$4,500,000
  • 0
    BEDS
  • 0.92
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 15,097
    SQFT
  • $298
    $/SQFT
Type:
Commercial
Built:
1900
County:
Area:

School Ratings & Info

Description

The properties on John St consist of 5 houses on 4 separate contiguous lots. All of the multi family homes were completely renovated in 2019 and all have new windows, electrical, plumbing, kitchens, baths, flooring and much more. This unique opportunity presents a once in a lifetime opportunity for the savvy investor. All of the properties are leased out for this year and for the 2023-2024 school year so there is nothing to do but collect rent. Each of the houses has storage areas, laundry rooms with coin op laundry and a separate area for tools and maintenance. There is parking on-site for 18 cars which you don't often see on College Hill. The properties are only a short walk to Brown and Wickenden St. They have a strong rental history with Brown Students and this year with no marketing were all leased out for the following year during the month of September. The rents are strong but there is also room to go up in the future. There are 4, 3 Bedroom apartments, 5, 4 bedroom units and a 5 bedroom apartment. Don't miss out on this multi generational opportunity!

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[Rhode Island Statewide MLS] logo

© 2023 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than Cullinan Real Estate are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or Cullinan Real Estate. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2023-01-31T08:37:31.963.
www.cullinanrealestate.com/homes/135460104
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62 John Street Providence, RI 02906

  • Price: $4,500,000
  • Status: Active
  • On Site: 45 Days
  • Updated: 37 min ago
  • MLS #: 1326829
0
Beds
0
Baths
0
½ Baths
0.92
Acres
15,097
SQFT
$298
$/SQFT
1900
Built
County:
Providence
Area:
Providence
Property Description
The properties on John St consist of 5 houses on 4 separate contiguous lots. All of the multi family homes were completely renovated in 2019 and all have new windows, electrical, plumbing, kitchens, baths, flooring and much more. This unique opportunity presents a once in a lifetime opportunity for the savvy investor. All of the properties are leased out for this year and for the 2023-2024 school year so there is nothing to do but collect rent. Each of the houses has storage areas, laundry rooms with coin op laundry and a separate area for tools and maintenance. There is parking on-site for 18 cars which you don't often see on College Hill. The properties are only a short walk to Brown and Wickenden St. They have a strong rental history with Brown Students and this year with no marketing were all leased out for the following year during the month of September. The rents are strong but there is also room to go up in the future. There are 4, 3 Bedroom apartments, 5, 4 bedroom units and a 5 bedroom apartment. Don't miss out on this multi generational opportunity!
Exterior Features

Construction Materials Frame Lot Features Historic District Parking Total 18

Interior Features

Basement Full Basement YN Yes Cooling Ductless

Property Features

Electric 100 Amp Service Gross Income 372600 Land Lease YN No Laundry Features Laundry Room Owner Pays Common Area MaintenanceExterior MaintenanceGrounds CareInsuranceRepairsRoof MaintenanceSewerTaxesWater Possible Use Residential Property Sub Type Commercial Road Surface Type Asphalt Security Features Security Lights Sewer Connected Tax Annual Amount 52826 Tax Assessed Value 2967800 Tax Lot 258 Tax Year 2022 Tenant Pays Air ConditioningCable TvElectricityGas Utilities Sewer Connected

[Rhode Island Statewide MLS] logo Listing information © 2023 State-Wide Multiple Listing Service.
Listing provided courtesy of Lenox Realty Group: [IDXCONTACTINFORMATION].



[Rhode Island Statewide MLS] logo

© 2023 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than Cullinan Real Estate are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or Cullinan Real Estate. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2023-01-31T08:37:31.963.
 
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