Description
Horvath & Tremblay is pleased to present the exclusive sale of the multi-family investment property located at 26 Ames Street in Providence, Rhode Island (the Property ). The Property consists of a three-story multi family building and contains three (3) residential units comprised of two (2), 2-Bedroom/1-Bathroom units and one (1), 1-Bedroom/1-Bathroom unit with 1,717 square feet of living area in 2,453 gross square feet on a 0.052 acre parcel of land. The Property is separately metered for electricity, heat, and hot water, which the tenants pay directly. The opportunity exists to upgrade the unrenovated unit interiors to drive rental rates in an urban infill, high demand/supply-constrained residential market. The property currently has 2/3 units occupied, providing the opportunity for an FHA buyer to purchase. Centrally located in the Federal Hill neighborhood of Providence, 26 Ames Street is one block from Atwells Avenue and is a short walk from Broadway and Providence's Central Business District. The Property offers convenient access to abundant dining, retail, and nightlife options, and several colleges and universities. The Property is also just 1.3-miles from the Providence Train Station (Amtrak, Acela & the MBTA's Providence/ Stoughton Line).
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5BEDS
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0.05ACRES
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3BATHS
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01/2 BATHS
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2,453SQFT
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$234$/SQFT
School Ratings & Info
Description
Horvath & Tremblay is pleased to present the exclusive sale of the multi-family investment property located at 26 Ames Street in Providence, Rhode Island (the Property ). The Property consists of a three-story multi family building and contains three (3) residential units comprised of two (2), 2-Bedroom/1-Bathroom units and one (1), 1-Bedroom/1-Bathroom unit with 1,717 square feet of living area in 2,453 gross square feet on a 0.052 acre parcel of land. The Property is separately metered for electricity, heat, and hot water, which the tenants pay directly. The opportunity exists to upgrade the unrenovated unit interiors to drive rental rates in an urban infill, high demand/supply-constrained residential market. The property currently has 2/3 units occupied, providing the opportunity for an FHA buyer to purchase. Centrally located in the Federal Hill neighborhood of Providence, 26 Ames Street is one block from Atwells Avenue and is a short walk from Broadway and Providence's Central Business District. The Property offers convenient access to abundant dining, retail, and nightlife options, and several colleges and universities. The Property is also just 1.3-miles from the Providence Train Station (Amtrak, Acela & the MBTA's Providence/ Stoughton Line).
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