189 193 Ontario Street, Providence, RI, 02907
1930
This unique property situated on a historic street comprises 5 individual residential apartments; all units boasting modern appliances which further exemplifies the eclectic aesthetic of them by combining comfort, style, and functionality. Sides units has a one level town-house style feel' to it; with identical floor plan just used for different functionalities. Units have been owner occupied for over 5 years. 1st. unit (L) has 3 beds + day bedroom + all year season porch. 2nd. side unit (R) has 3 bedrooms + plus a walk In closet + Garden Patio Area and has a detached garage + storage on its side bringing extra income. All units have eat- in-Kitchens. In addition' sides units have separate electrical meters - parking is side by side with 2 drive ways. The 3rd floor level has loft style feel to it, as it occupies the entire floor with 2 good size bedrooms. The main 2 condo feel units have a very spacious bedrooms with hardwood floors throughout. This Investment Property, is entirely hard wired @100% Occupancy Rate with Month to Month leases at $16.97 per sqft. This Four Basis Return comprises of an income stream of gross rents more than $99,000 (YOY) =NOI is $66,700.00 with estimated cap rate at 8% .See(APOD). Conveniently located near the RIPTA/BUS Line, which is easy connection to MBTA commuter train station. And with Downtown Providence, Federal Hill, and the River Greenway Bike Path, near by, you have easy access 95/RT6 & to all amazing dining, entertainment & shopping.
Status:
Pending
Type:
Commercial
Furnished Remarks:
Unfurnished
Laundry Remarks:
Common Area
Units:
0
Zoning:
R-2
Complex:
Historic Elmwood
Heating:
Central, Common, Gas, Steam, Zoned
Cooling:
Attic Fan, None, 1 Unit, Window Unit(s)
Basement:
Full
Parking:
6-car
Est. Taxes:
$10,402
Assessment
$584,400
Permitted Use
Commercial,Investment,Multi-Family,Other,Residential
Utilities
Cable Available,Electricity Available,Natural Gas Available,Natural Gas Connected,Municipal Utilities,Water Connected,Sewer Connected,Water Available
Lot Description:
Historic District
Amenities:
Golf, Highway Access, Near Hospital, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping, Sidewalks
Days on Market:
40
MLS #:
1366242
Community Info
School Info
Walk Score
Mass Transit
Yelp
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