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4 Europe St, Providence, RI 02903

Multi-Family Home For Sale

4 Europe St, Providence, RI 02903 House For Sale - MLS #1177022
$309,900
Multi-Family
3 Family
Listed By: Lenox Realty Group

Property Description for 4 Europe St, Providence, RI 02903

Wonderful 3 family in the center of the Federal Hill neighborhood across the street from Carl G. Lauro Elementary School, a close walk to downtown, and only blocks away from DePasquale Square or Columbus Theatre. Many updates throughout from new roof and windows to two completely updated units with new electrical service (with recessed lighting and motion LED lights) to custom kitchens with quartz and granite countertops, solid wood self-close cabinets, stainless steel appliances, and contemporary tile flooring. 3rd floor can be left vacant for owner occupant (live free with current rents -- see attachment) or can be leased by seller prior to closing. If leased, presents a solid 17% cash on cash return for investors with conventional financing or ~10% cap rate for cash buyers (see attached documents for specifics). Low maintenance foot print property/no parking but tenants pay for on-street parking permits or rent spots from large neighboring parking lot. All mechanicals updated and separate (tenants pay their own heat and electricity). Very high ceilings in basement with separate rooms presenting opportunity to offer designated secured storage to increase rent roll.

Interior Details

2,894 sq. ft.
$107.08/sq. ft.
14
Connected; Public Connected
Connected; Public Connected

Exterior Details

0.04 acres
1,742 sq. ft.
Mixed

Other Details

1177022
1900
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(20%)

Monthly Mortgage Payments

$1,408
$1,961

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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