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206 Messer Street Providence

$680,000
9 3 3,644 sq ft

The Property

A great investment opportunity in Providence’s vibrant West End neighborhood. This 3-unit multifamily home features oversized 3-bed, 1-bath apartments, each with over 1,200sq feet of living space. The first and third floor have been renovated, with new kitchens, bathrooms, restored hardwood floors, and modern recessed lighting. The second floor offers tremendous potential to add value with a modest renovation.

A new roof was recently installed, and the back portion of the lot provides ample parking. The third floor will be delivered vacant, an ideal situation for an owner occupant looking to move in and offset their mortgage with solid rents from the first and second floor. The vacant unit also offers a great opportunity for a savvy investor to benefit from a new tenant that will pay market rent! Proximity to all that the West End of Providence has to offer, including many cafes, eateries, local shops, Dexter Park, easy highway access, and a few minutes’ drive to downtown Providence.

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Listing Details

MLS Number

1373973

Lot Size:

0.09 acres

Features

  • Basement: Full, Interior Only, Unfinished, Storage Space, Utility
  • Bus
  • Highway Access
  • Recreational Facilities
  • Schools
  • Shopping
  • Balcony
  • Heating: Natural Gas, Steam
  • Heating Fuel: Natural Gas, Steam
  • Garage: 1
  • Laundry
  • Year Built: 1910

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Market Trends for Multi Family
in Providence

  • Overview
    Homes for Sale Today71-69% decrease in inventory
    New on Market *32-40.7% decrease in new listings
    Avg. Asking Price/Sq.Ft. *$221.34$8 increase in List Price/Sq.Ft.
    Avg. Sale Price *$688,897$24,482 increase in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *99.28%-1.4% decrease in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$233.79$14 increase in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *683 decrease 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?

    Contact Us

    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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