$599,990

House for sale Providence
Property photo number 1 of 6 Photos for Property. File  104444148_29_b6ec29428c7fcbcdde4384a4df8a0c89.jpeg

Overview

SUMMARY: Discover an opportunity with this Providence house for sale and available for $599,990. This could be your next ideal home or a smart investment. More details await.
This well-maintained 6-bedroom 3-bathroom multifamily property presents a strong investment opportunity for both owner occupants and traditional investors. "The Gilmore" is currently operated as a successful short term rental property, generating 6 figure rental income. This
property can also be operated as a traditional multi-family rental with estimated rent roll exceeding $100k. This can also be a great opportunity for multi-generational and owner-occupied living while building equity. Recent capital improvements include the installation of two new boilers, blow-in insulation for efficiency, a new water main, and no-maintenance PEX plumbing throughout. If the buyer wishes to continue operating the property as a short term rental, the seller is willing to stay onboard to support the transitional period and offer consulting as part of the transaction. Furnishings, linens, and all fixtures (excluding artwork) are negotiable. Established operational systems, including housekeeping, laundry services, and a dedicated handyman, are in place to support continued operations if the buyer chooses to continue with short term rentals. This property can be delivered as a turn-key short term rental, or vacant and ready for its new owner and tenants.

Details

  • Beds: 6
  • Baths: 3
  • Price: $599,990
  • Area: 2,835 sqft

Location

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