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Key Details
Sold Price $990,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,653 sqft
Price per Sqft $175
Subdivision Federal Hill, West Side
MLS Listing ID 1337631
Sold Date 09/25/23
Bedrooms 11
Full Baths 6
HOA Y/N No
Abv Grd Liv Area 5,653
Year Built 1953
Annual Tax Amount $13,028
Tax Year 2022
Lot Size 8,712 Sqft
Acres 0.2
Property Description
Historically & architecturally rich property with proven revenue stream, in one of Providence's most sought-after neighborhoods! ** This former convent with its maintenance free brick exterior has been immaculately repurposed into a highly successful short-term rental property & features an incredibly unique layout supporting its present use. **Located in the heart of Federal Hill, this property is well positioned within walking distance of Atwells Avenue, renowned for its eateries, shops & entertainment options as well as all the vibrant West Side has to offer. ** Spread over a generous 5,653 sqft area, on three floors & an additional 1855 sf below grade, the property features 4 finished levels that support versatile uses due to their open & adaptable floor plans. **The main 3 levels consist of a total of 11 beds & 6 baths. The 2nd & 3rd levels consist of 4 beds & 2 baths. **Each floor is equipped with an ensuite w/ a private bath & 3 additional beds w/ common bath & kitchen. **The 1st floor consists of 1 en suite w/ private bath & 2 beds w/ shared bath & a spacious common area, nicely furnished & includes vending machines for guest convenience. ** The fully finished lower has 5 rooms, a bath & 2 utility rooms w/ laundry & coin op.** Property is fully furnished & comes with an excellent cash flow, courtesy of its ongoing success as a short-term rental hub. Ample parking, dog park nearby. Close to downtown & train, this property presents an amazing investment opportunity!
Location
State RI
County Providence
Community Federal Hill, West Side
Zoning R-3
Rooms
Basement Exterior Entry, Full, Finished, Interior Entry
Interior
Interior Features Tub Shower
Heating Baseboard, Gas, Hot Water, Steam
Cooling 1 Unit
Flooring Laminate, Other
Fireplace No
Appliance Gas Water Heater, Oven, Range, Refrigerator
Laundry Common Area
Exterior
Exterior Feature Paved Driveway
Community Features Highway Access, Near Hospital, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping
Utilities Available Sewer Connected
Total Parking Spaces 8
Garage No
Building
Sewer Connected
Water Connected
Structure Type Drywall,Brick
New Construction No
Others
Senior Community No
Tax ID 67RIDGESTPROV
Financing Conventional
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Bought with Westcott Properties