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189 - 193 Ontario Street Providence

$749,500
0 6,027 sq ft

The Property

This unique property situated on a historic street comprises 5 individual residential apartments; all units boasting modern appliances which further exemplifies the eclectic aesthetic of them by combining comfort, style, and functionality. Sides units ‘has a one level town-house style feel’ to it; with identical floor plan just used for different functionalities. Units have been owner occupied for over 5 years. 1st.

unit (L) has 3 beds + day bedroom + all year season porch. 2nd. side unit (R) has 3 bedrooms + plus a walk In closet + Garden Patio Area and has a detached garage + storage on its side bringing extra income. All units have eat- in-Kitchens. In addition’ sides units have separate electrical meters – parking is side by side with 2 drive ways. The 3rd floor level has loft style feel to it, as it occupies the entire floor with 2 good size bedrooms. The main 2 condo feel units have a very spacious bedrooms with hardwood floors throughout. This Investment Property, is entirely hard wired @100% Occupancy Rate with Month to Month leases at $16.97 per sqft. This Four Basis Return comprises of an income stream of gross rents more than $99,000 (YOY) =NOI is $66,700.00 with estimated cap rate at 8% .See(APOD). Conveniently located near the RIPTA/BUS Line, which is easy connection to MBTA commuter train station. And with Downtown Providence, Federal Hill, and the River Greenway Bike Path, near by, you have easy access 95/RT6 & to all amazing dining, entertainment & shopping.

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Listing Details

MLS Number

1366242

Lot Size:

0.23 acres

Features

  • Basement: Full
  • Garage
  • Heating: Central Heat, Common, Gas Connected, Steam, Zoned
  • Laundry
  • Type: Apartment,Commercial,Multi Family,Real Estate,Residential
  • Year Built: 1930

Market Trends for Commercial Properties
in Providence

  • Overview
    Homes for Sale Today63-89.9% decrease in inventory
    New on Market *17-5.6% decrease in new listings
    Avg. Asking Price/Sq.Ft. *$190.22$39 increase in List Price/Sq.Ft.
    Avg. Sale Price *$728,750$328,750 increase in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *91.13%-8.9% decrease in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$151.98$64 increase in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *9695 increase in days on market

    * All data is calculated based on the last 30 days

  • Avg. Sale Price
  • Avg. Days on the Market
  • New Market Inventory
  • Lila's Estimate

    Realtors Property Resource

    This is an estimate home valuation provide by RPR. It is based on RPR’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    ...

    Zillow

    This is an estimate home valuation provide by Zillow. It is based on Zillow’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    Real value?

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    Online estimates take you only so far. One of our associates can give you a market analysis of what your homes value.

Listed by Residential Properties Ltd.

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