$1,005,000
$895,000
12.3%For more information regarding the value of a property, please contact us for a free consultation.
196 Waterman ST Providence, RI 02906
4 Beds
4 Baths
5,584 SqFt
Key Details
Sold Price $1,005,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,584 sqft
Price per Sqft $179
Subdivision Wayland
MLS Listing ID 1308572
Sold Date 06/09/22
Bedrooms 4
Full Baths 3
Half Baths 1
HOA Y/N No
Abv Grd Liv Area 5,584
Year Built 1900
Annual Tax Amount $20,383
Tax Year 2021
Lot Size 5,227 Sqft
Acres 0.12
Property Description
196 Waterman on the East Side of Providence, located in the Wayland Square neighborhood, is a four-unit building, currently housing a real estate company on the first floor, two psychiatry offices on the second floor and a two-bedroom residential apartment on the third floor. Gross rents equal $86,000 annually. (NOTE: The property is legally zoned for four residential apartments). Fully restored inside and out in 2006, this is a stunning example of turn-of-the-century architecture. The first floor has its own heating and cooling system, and the second and third floors share a system. Every unit has air-conditioning. All heating, cooling and hot water is included in the rents because there is one gas meter, but could be easily separated. All units are already separately metered for electric. There are five off-street parking spaces. All a short walk to shops, restaurants and cafes. Zero vacancy rate. A prize to own for the years to come.
Location
State RI
County Providence
Community Wayland
Rooms
Basement Full, Interior Entry, Unfinished
Interior
Heating Forced Air, Gas
Cooling Central Air
Flooring Carpet, Hardwood, Vinyl
Fireplaces Number 1
Fireplaces Type Masonry
Fireplace Yes
Appliance Gas Water Heater, Oven, Range, Refrigerator
Laundry Common Area
Exterior
Exterior Feature Paved Driveway
Community Features Highway Access, Near Hospital, Near Schools, Public Transportation, Recreation Area, Sidewalks
Utilities Available Sewer Connected
Total Parking Spaces 5
Garage No
Building
Lot Description Paved
Foundation Combination
Sewer Connected, Public Sewer
Water Connected, Public
Structure Type Plaster,Shingle Siding
New Construction No
Others
Senior Community No
Tax ID 196WATERMANSTPROV
Financing Cash
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Bought with Churchill & Banks Co., LLC