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623 Douglas Av, Providence, RI 02908

9 Bed, 3 Bath Multi-Family Home For Sale

623 Douglas Av, Providence, RI 02908 House For Sale - MLS #1209092
$229,900
9
3
Multi-Family
3 Family
Listed By: Keller Williams Realty Nri

Property Description for 623 Douglas Av, Providence, RI 02908

Located just a few blocks from Providence College, plus an additional lot, makes this the perfect opportunity for a savvy investor. This spacious three family boasts three apartments with 3 bedrooms in each unit maximizing earning potential with gross student rents estimated at nearly $60,000 per year (see attached proforma profit and loss). As an added bonus this property sits on 2 distinct lots and the additional lot (plat/lot: 99/188 "18 Fernando St") appears to be buildable (3200 square feet) for future investment opportunity. Plenty of off street parking, easy access to bus lines and highways, you are sure to attract plenty of young professionals or academic tenants. This building has a newer roof and windows with separate utilities for each unit.

Interior Details

4,193 sq. ft.
$54.83/sq. ft.
15
Connected; Municipal
Connected; Municipal

Exterior Details

0.07 acres
3,200 sq. ft.
10

Other Details

1209092
1900
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Monthly Mortgage Payments

$1,044
$1,454

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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