169 WATERMAN ST PROVIDENCE, RI 02906

Features

• Price/sqft: $422
• Lot Size: 6799 sq. ft.
• Total Units: 7
• Total Rooms: 1
• Room List: Basement
• Stories: 300
• Roof Type: GABLE
• Heating: 16
• Construction Type: Frame
• Exterior Walls: Siding (Alum/Vinyl)

Facts

• Year Built: 01/01/1900
• Property ID: 880607595
• MLS Number: 1358121
• Parcel Number: PROV M:14 L:553
• Property Type: Townhouse or Condo
• County: PROVIDENCE
• Zoning: R-3
• Listing Status: Active

Sale Type

This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.

Description

This listing is NOT a foreclosure. Rare opportunity to own a 7 unit apartment building (zoned for 6) in the heart of College Hill/Wayland neighborhoods. Quick walk (4 blocks) to Brown Campus and Thayer Street make this a high demand location. Currently used as cooperative housing with 6 units rented well below market and 1 vacant unit. All leases expire in August 2024. Opportunity awaits to reposition this investment property-choose your own tenants and set your own rents! Each unit has its own gas meter and boiler. Gas fired hot water tanks are on a house meter. 1 electric meter. Small laundry room on site in basement for Tenants. Hardwood floors and fireplaces give these apartments charm. Vinyl siding and replacement windows allow for easier upkeep. Parking for up to 7 cars on property plus street parking available. Fire code compliant.