Providence, RI 02908,470 Academy AVE
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Providence, RI 02908,470 Academy AVE
Providence, RI 02908,470 Academy AVE
Providence, RI 02908,470 Academy AVE
Providence, RI 02908,470 Academy AVE

$400,000

Est. payment /mo

$390,000

2.6%
Est.Price: ?

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470 Academy AVE Providence, RI 02908

8 Beds

3 Baths

4,504 SqFt

SOLD DATE : 04/18/2023

Key Details

Sold Price $400,000

Property Type Multi-Family

Sub Type Multi Family

Listing Status Sold

Purchase Type For Sale

Square Footage 4,504 sqft

Price per Sqft $88

Subdivision Elmhurst / Prov. College / Lasalle

MLS Listing ID 1331438

Sold Date 04/18/23

Bedrooms 8

Full Baths 3

HOA Y/N No

Abv Grd Liv Area 4,504

Year Built 1920

Annual Tax Amount $7,424

Tax Year 2022

Lot Size 5,000 Sqft

Acres 0.1148

Property Description

A terrific opportunity to own a 3-family home in the sought-after Elmhurst neighborhood of Providence! Close to Providence College, LaSalle Academy, and RI College, this historic charmer is big and bright, and features off-street parking for 6 cars in the double-wide driveway and for 2 more in the detached garage. The 1st and 2nd floor units feature similar layouts, each with 3 bedrooms, 1 full bathroom, a kitchen, a dining room and a living room. The 3rd floor unit has 2 bedrooms, 1 full bathroom, a kitchen and a living room. The 1st floor unit has a private front entrance, while the 2nd and 3rd floor units are each accessed by both front & back shared stairwells. Features of the house incl. inviting front porches on the 1st and 2nd levels, charming hardwood floors, high ceilings, replacement windows, aluminum storm doors (2019), a 1-layer roof (2019), a new copper main water line from the street to the house (2019), 3 new hot water tanks (2022), a code-compliant interconnected wireless smoke/co detection system (2023), separate utilities, & on-site laundry & ample storage in the basement. Great for a flip or as an owner-occupied opportunity, w/ rental income paying the mortgage and a homestead exemption to reduce the property taxes by 45%. Current rents are approx. 50% of actual market rate, with all tenants on month-to-months leases. The house does need TLC / updating and will not pass FHA. Selling "as is," below assessment, for cash or via conventional or rehab loan only.

Location

State RI

County Providence

Community Elmhurst / Prov. College / Lasalle

Zoning R-2

Rooms

Basement Exterior Entry, Full, Interior Entry, Unfinished

Interior

Interior Features Tub Shower

Heating Gas, Hot Water, Other

Cooling 1 Unit

Flooring Carpet, Hardwood, Laminate, Vinyl

Fireplaces Type None

Fireplace No

Appliance Gas Water Heater, Oven, Range, Refrigerator, Water Heater

Laundry Common Area

Exterior

Exterior Feature Paved Driveway

Parking Features Detached

Garage Spaces 2.0

Community Features Golf, Highway Access, Near Hospital, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping, Tennis Court(s), Sidewalks

Utilities Available Sewer Connected

Total Parking Spaces 6

Garage Yes

Building

Foundation Brick/Mortar, Combination, Concrete Perimeter

Sewer Connected, Public Sewer

Water Connected, Public

Structure Type Plaster,Vinyl Siding

New Construction No

Others

Senior Community No

Tax ID 470ACADEMYAVPROV

Financing Private

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Listed by Lila Delman Compass
Bought with Compass

Jeremy Bailey

Broker | License ID: RI, MA, CT

+1(401) 402-0289

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