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207 Oakland Av, Providence, RI 02908

Multi-Family Home For Sale

207 Oakland Av, Providence, RI 02908 House For Sale - MLS #1200754
$249,000
Multi-Family
3 Family
Listed By: Keller Williams Realty Nri

Property Description for 207 Oakland Av, Providence, RI 02908

Prime College Rental location makes this the perfect rental opportunity. With some work this 3-unit with 3 bedrooms in each unit could produce nearly $65,000 in annual gross income (see attached pro-forma profit and loss) which could produce nearly $30,000 in cash flow annually after your mortgage payment with only 3.5% down. Vinyl replacement windows, existing vinyl siding on most of the building coupled with modern mechanicals make much of the work more aesthetic in nature. Each apartment boasts roughly 1000 sq ft of living space, 3 Bedrooms, dine-in kitchens and outdoor porches. Off street parking for at least 4 cars make this the perfect investment opportunity. Shopping, buses, Providence College and restaurants all within convenient walking distance make this an ideal location.

Interior Details

3,449 sq. ft.
$72.19/sq. ft.
18
Municipal; Public Connected
Connected; Municipal; Public Connected
Attic; Attic Storage; Stairs

Exterior Details

0.09 acres
4,000 sq. ft.
4
Brick

Other Details

1200754
1910
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(20%)

Monthly Mortgage Payments

$1,131
$1,575

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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