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344 Benefit Street Providence

$1,575,000
9 5 6,580 sq ft

The Property

Stunning Italianate style (legal three family) in the heart of College Hill on historic Benefit St. This property has a solid rental history with both Brown and RISD and is fully leased through 5/30/2023. The 1st and 2nd floors have been combined to create a townhouse style unit with 5 large beds and 3 baths; The entire 3rd floor is a huge 3 bed 1 bath unit; and the 3rd unit is a garden level 1 bedroom 1 bath unit with exposed brick and beams, views of the city, and direct access to the shared outdoor brick patio. Many updates in and out make this the perfect property to add to your portfolio.

Tenants enjoy in-unit laundry, a large deck overlooking the cityscape, and off-street parking for 2 cars. Rents include gas/electric with a cap of $150. NOI $85,000 Total Rents $120,000.

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Listing Details

MLS Number

1312426

Lot Size:

0.09 acres

Features

  • Basement: Full
  • Brick
  • Clapboard
  • Porch
  • Heating: Central Heat, Gas Connected
  • Heating Fuel: Gas
  • Laundry
  • Fenced
  • Sidewalks
  • Type: Apartment,Up/Down
  • Year Built: 1826
  • Water Amenities: Walk to Salt Water

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Listed by Legacy Real Estate Company

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