Providence, RI 02906,62 John ST
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Providence, RI 02906,62 John ST
Providence, RI 02906,62 John ST
Providence, RI 02906,62 John ST
Providence, RI 02906,62 John ST

$3,600,000

Est. payment /mo

$4,150,000

13.3%
Est.Price: ?

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62 John ST Providence, RI 02906

15,097 SqFt

SOLD DATE : 06/15/2023

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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Listed by Lenox Realty Group
Bought with Lenox Realty Group

Jeremy Bailey

Broker | License ID: RI, MA, CT

+1(401) 402-0289

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