164 Regent Avenue
Providence, RI 02908
- 8 beds
- 4 baths
- – sqft
- 3,920 sqft lot
- 1940 build
More homes
Renovated 4-Unit Property Discover a remarkable investment in this beautifully renovated 4-unit property, boasting an array of modern updates and conveniences. Each unit has been thoughtfully updated, reflecting a commitment to quality and comfort, making it an ideal choice for discerning investors. Each unit features new flooring and fresh paint. The renovations extend to the bathrooms and kitchens. The property includes a generous parking area, providing ample space for tenants, a significant advantage in residential rental properties. A huge basement offers practical storage solutions and houses 4 newer gas hot water tanks. This property adheres to safety standards, being lead-safe and fire-coded. Fully rented with long-term tenants, most of whom have called this place home for over 10 years. While the rents are currently set below market rate out of the landlord's choice to maintain long-term tenancies, there is substantial potential to increase rental income, offering an attractive opportunity for revenue growth. This property represents a unique blend of modern living and investment savvy. The combination of prime condition, safety compliance, and stable tenant base makes it an attractive proposition for investors. With the potential to increase rents, this property promises not just immediate returns but also long-term growth prospects. Seize this opportunity to own a turn-key investment property in a desirable location.
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Last updated Nov 20, 2024
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MLS# 1350618 —
The Building
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Year Built:1940
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New Construction:false
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Building Area Total:3448.0
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Construction Materials:Drywall,Plaster,Clapboard,WoodSiding
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Structure Type:Apartment
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Stories Total:2
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Basement:Full,InteriorEntry,Unfinished
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Basement:true
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Exterior Features:PavedDriveway
Interior
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Interior Features:Bathtub,TubShower,CableTv
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Flooring:CeramicTile,Hardwood
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Fireplace:false
Room Dimensions
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Living Area Source:PublicRecords
Location
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Latitude:41.82945
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Longitude:-71.440027
The Property
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Property Type:ResidentialIncome
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Property Sub Type:MultiFamily
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Lot Size Acres:0.09
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Lot Size Area:3920.0
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Lot Size Square Feet:3920.0
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Lot Size Units:SquareFeet
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Parcel Number:164REGENTAVPROV
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Land Lease:false
Listing Agent
- Contact info:
- Agent phone:
- (401) 486-8123
- Office phone:
- (888) 315-3445
Taxes
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Tax Year:2023
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Tax Annual Amount:6654.0
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Tax Assessed Value:362600
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Tax Lot:489
Beds
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Bedrooms Total:8
Baths
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Bathrooms Total:4
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Bathrooms Full:4
Heating & Cooling
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Heating:Baseboard,Electric
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Heating:true
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Cooling:None
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Cooling:false
Utilities
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Utilities:SewerConnected
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Electric:Amps100,CircuitBreakers
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Sewer:Connected,PublicSewer
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Water Source:Connected,Public
Appliances
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Appliances:GasWaterHeater,Oven,Range,Refrigerator,WaterHeater
The Community
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Subdivision Name:Mt Pleasant, Mount Pleasant
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Senior Community:false
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Community Features:HighwayAccess,NearSchools,PublicTransportation,Shopping
Parking
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Parking Total:6.0
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Parking Features:NoGarage
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Garage:false
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
3/14/24
Mar 14, 2024
|
Sold | RIMLS | $600,000 |
