117 Warren Avenue In East Providence: Wow!

EAST PROVIDENCE, RI — Check out this new listing in East Providence. Wow!

• Address: 117 Warren Ave, East Providence, Rhode Island
• Price: $875,000
• Square Feet: 3696
• Bedrooms: 8
• Bathrooms: 4 Baths
• Built: 1920
• Features: Just under a 7% Cap Rate, More than $94, 000 in annual gross rents, and cash flow after mortgage estimated at nearly $14, 000! (See attached profit and loss for more details). Seven total units on one lot. One remodeled Single Family home and 2 3-Family homes comprise the 7 units. 123 Warren is the single family with 4 bedrooms, a living room with a fireplace, dining room, 2 full baths newly remodeled, new mechanicals and new windows with approximately 2000 sq ft of living space. It is currently vacant with estimated market rent of $2000. 117 Warren is a 3-family with 2 bedrooms in each apartment with long term tenants and potential value-add with plenty of upside on rents. 6-8 Sixth St is the other 3-family with all 2 bedroom apartments, double parlor, balconies, beautiful hardwood floors, newer mechanicals and a new roof. This turnkey property is already hardwired with smokes/COs, with 6 off-street parking spots in a convenient commuter location with easy access to Rte 195, 95 and downtown Providence. Bike over the bridge to the east side! Many apartments have been upgraded and are in excellent condition. This listing is part of a portfolio consisting of a total of 20 apartments with nearly $300, 000 in annual gross rents. See MLS numbers 1247133 (58 East Transit Providence) and 1244418 (364 High St Central Falls) for more info along with attached profit and loss statements. These properties can be sold as a package for the savvy investor or individually by MLS listing

This listing originally appeared on realtor.com. For more information and photos, click here.