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114 Vinton St, Providence, RI 02909

9 Bed, 3 Bath Multi-Family Home For Sale

114 Vinton St, Providence, RI 02909 House For Sale - MLS #1183905
Sold
$499,000
9
3
Multi-Family
3 Family
Listed By: The Greene Realty Group

Property Description for 114 Vinton St, Providence, RI 02909

Location! Location! Location! with tons of historic charm! TURNKEY - Currently the Gross Income is $65,952 - Monthly Income is $5,496 with breakdown being $1,813 1st floor + $1,875 2nd floor + $1,658 for the third floor; plus $150+ a month for laundry. Pro forma based on a typical lender downpayment requirements using last year's actual rent/expenses shows Cap Rate of approx. 10% + ROI of 20%. Before Tax Cashflow of over $2000 monthly, Annualized Profit of $24,070 after expenses. Gorgeous historic building - 3 large sunny units, each with 3 HUGE bedrooms! Many bedrooms feature walk in closets, up to 16'+ long. Units have tall ceilings, great layouts with lots of original character and details like chandelier, gorgeous original hardwood floors, etc! Awesome cable lighting. Tall windows, all replaced. All brand new siding and new roofs. Updated Gas baseboard heating on all floors. Parking for at least 6 cars. Right in the heart of Providence's Little Italy, aka Federal Hill. Quick stroll to everything! Halfway between historic Broadway and Atwells Ave in Federal Hill. These units offer interesting details and are very close to lots of stores, restaurants, bars, bakeries, Providence Place Mall, the train to NYC/Boston. Highly desirable location. Tenants pay Gas & Electric. Updated utilities with a house meter is in place. Lots of parking in the back parking lot. A nice, bright and finished (drywalled and tile) laundry room with coin-op.

Interior Details

5,261 sq. ft.
$94.85/sq. ft.
18
Public Connected
Public Connected
Stairs

Exterior Details

0.09 acres
3,920 sq. ft.
6
Stone

Other Details

1183905
1900
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Town Description

The area which is now Providence was first settled in June 1636 by Roger Williams, and was one of the original Thirteen Colonies of the United States. Although the west bank of the Providence River...

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