$3,600,000
$4,150,000
13.3%For more information regarding the value of a property, please contact us for a free consultation.
62 John ST Providence, RI 02906
15,097 SqFt
Key Details
Sold Price $3,600,000
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 15,097 sqft
Price per Sqft $238
MLS Listing ID 1326829
Sold Date 06/15/23
Maintenance Fees $10,422
HOA Y/N No
Abv Grd Liv Area 15,097
Year Built 1900
Annual Tax Amount $52,826
Tax Year 2022
Lot Size 0.918 Acres
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!
Location
State RI
County Providence
Rooms
Basement Full
Interior
Cooling Ductless
Laundry Laundry Room
Exterior
Utilities Available Sewer Connected
Street Surface Asphalt
Total Parking Spaces 18
Building
Lot Description Historic District
Sewer Connected
Structure Type Frame
New Construction No
Others
Tax ID 6272JOHNSTPROV
Security Features Security Lights
Financing Conventional
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Bought with Lenox Realty Group