Providence, RI 02906,71 Benefit ST
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Providence, RI 02906,71 Benefit ST
Providence, RI 02906,71 Benefit ST
Providence, RI 02906,71 Benefit ST
Providence, RI 02906,71 Benefit ST

$1,720,000

Est. payment /mo

$1,700,000

1.2%
Est.Price: ?

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71 Benefit ST Providence, RI 02906

6,969 Sqft Lot

SOLD DATE : 06/18/2021

Key Details

Sold Price $1,720,000

Property Type Commercial

Sub Type Commercial

Listing Status Sold

Purchase Type For Sale

Subdivision College Hill

MLS Listing ID 1282100

Sold Date 06/18/21

HOA Y/N No

Year Built 1845

Annual Tax Amount $26,952

Tax Year 2020

Lot Size 6,969 Sqft

Acres 0.16

Property Description

The Nehemiah Dodge House, located at 71 Benefit Street, was built in 1845. After a fire in the late 1980s, the house was totally rebuilt to Preservation Society historic standards. New windows, walls, insulation, wires, plumbing, heat/cooling and cosmetics. The original structure now consists of 4 units--one per floor--all 2 bed 1 bath flats. At that time, a townhouse unit consisting of 2 beds and 1.5 baths was added to the back of the building. And a stand-alone 2 bed 1.5 bath single-family house was constructed at the back of the property. The result is an extremely unique 6-unit compound on Benefit Street w/ 10-car parking, modern utilities and no lead paint issues. Each unit is 1000-1200 sqft, offering dishwashers, laundry and central AC. Rents are lower than market due to seller owning for last 40 years. Exterior was painted in 2017. Great option for the owner occupant, investor or someone looking for a condo conversion project. Seller would prefer to personally finance w/ 10-% down, 4.25%, 10-year term w/ no pre-payment option.

Location

State RI

County Providence

Community College Hill

Rooms

Basement Full

Interior

Heating Forced Air

Cooling Central Air

Laundry In Unit

Exterior

Community Features Highway Access, Near Hospital, Near Schools, Public Transportation, Recreation Area, Shopping, Street Lights, Sidewalks

Utilities Available Natural Gas Connected, Municipal Utilities, Sewer Connected, Water Connected

Street Surface Asphalt

Total Parking Spaces 10

Building

Lot Description Historic District

Foundation Combination

Sewer Connected, Public Sewer

Water Connected, Public

New Construction No

Others

Tax ID 7173BENEFITSTPROV

Financing Seller Financing

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Listed by Mott & Chace Sotheby's Intl.
Bought with Mott & Chace Sotheby's Intl.

Jeremy Bailey

Broker | License ID: RI, MA, CT

+1(401) 402-0289

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