$710,000
$709,000
0.1%For more information regarding the value of a property, please contact us for a free consultation.
26 Spencer ST Providence, RI 02909
9 Beds
3 Baths
6,826 SqFt
Key Details
Sold Price $710,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 6,826 sqft
Price per Sqft $104
Subdivision West End / Fed Hill
MLS Listing ID 1312271
Sold Date 09/29/22
Bedrooms 9
Full Baths 3
HOA Y/N No
Abv Grd Liv Area 6,826
Year Built 1880
Annual Tax Amount $9,171
Tax Year 2021
Lot Size 4,791 Sqft
Acres 0.11
Property Description
26 Spencer is a soaring West end 3-family with excellent rental history and boundless potential. This property has fantastic investment opportunity for either an owner-occupied, or condo conversion situation. The sale includes the rear abutting lot of 27 Meader with parking for 6. Utilities are separated and each unit has it's own private entrance, gas/electric meters, water heater etc. Duct work is already in place for the addition of central AC. The attic is over 1200 sq feet with some plumbing already in place. It opens the possibility of a either a 4th unit or a double sized, massive 3rd floor unit.
The exterior has been vigilantly maintained throughout the years. The bright and sunny interiors feature original hardwoods and double living rooms, each 3 bedroom unit is just under 1400 sq ft.
The exciting West End is continually growing, adding promising shops, cafes, breweries and new restaurants to the already vibrant and very livable neighborhood.
6.2 cap rate once adjusted to market rent of $1850. Pristine rental history. Owner occupied tax would adjust down to $5502.42 annually
Location
State RI
County Providence
Community West End / Fed Hill
Zoning R3
Rooms
Basement Full, Interior Entry, Partially Finished
Interior
Interior Features Attic
Heating Baseboard, Forced Air, Gas
Cooling 1 Unit, Window Unit(s)
Flooring Hardwood
Fireplaces Type None
Fireplace No
Appliance Dryer, Dishwasher, Disposal, Microwave, Oven, Range, Refrigerator, Water Heater, Washer
Laundry Common Area
Exterior
Community Features Highway Access, Near Hospital, Near Schools, Public Transportation, Recreation Area, Shopping, Sidewalks
Utilities Available Sewer Connected
Total Parking Spaces 6
Garage No
Building
Lot Description Paved
Foundation Combination
Sewer Connected, Public Sewer
Water Connected, Public
Structure Type Plaster,Vinyl Siding
New Construction No
Others
Senior Community No
Tax ID 26SPENCERSTPROV
Financing Conventional
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Bought with Weichert Realtors-Cress & Co.