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257 Academy Av, Providence, RI 02909

5 Bed, 3 Bath Multi-Family Home For Sale

257 Academy Av, Providence, RI 02909 House For Sale - MLS #1206337
$220,000
5
3
Multi-Family
3 Family
Listed By: Bhhs Pinnacle Realty

Property Description for 257 Academy Av, Providence, RI 02909

3 Family located close to so much! Minutes from Downtown, Federal Hill, Colleges, Private Schools, Public Schools, Shopping, Restaurants. Located on a main road this property sits in a C-1 (Commercial) Zone, meaning there are options here! The first Floor is split into two 1 Bedroom Apartments, the whole second floor is one apartment with Three bedrooms. 3rd Floor is unfinished attic space with 5 Rooms!! There have been updates to the First Floor Apartments Cabinets,Flooring and Paint. Second Floor needs minor TLC. 3rd Floor needs work or could be rehabbed if to be used for livable space. One of the first floor apartments is approved for Section 8. C-1 Zone is Commercial and besides 3 Family this can be Multi-Family such as 3+ Apartments (remember that un-finished attic space) and has other uses such as Home Day Care, Bed & Breakfast, Community Residence, Dental Office, and many more. Property will not qualify for standard FHA Loan. Could qualify with FHA 203K financing, Renovation Loan, Cash/Private Lending, possibly Conventional. Current Taxes reflect Non-Owner Occupant and not Commercial tax rate.

Interior Details

5,340 sq. ft.
$41.20/sq. ft.
16
Connected; Public Connected
Connected; Public Connected
Attic Storage

Exterior Details

0.11 acres
5,000 sq. ft.
4
Brick; Concrete; Stone

Other Details

1206337
1930
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Monthly Mortgage Payments

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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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