122 - 126 Lowell Avenue Providence

$1,050,000
19,200 sq ft

The Property

Prime investment opportunity! 8-Unit residential building in the Silver Lake area of Providence. This fully occupied building offers consistent rental income and long-term potential. 4 one-bedroom apartments and 4 two-bedroom apartments. Ample on-site parking with 28 dedicated parking spaces (14 on each side of the building).

Eligible for condo conversion, adding significant upside potential. Roof was replaced just 7 years ago and electric heat is featured throughout the building. Owner currently rents out parking spaces to nearby tenants as well. With a stable cash flow this property is an excellent opportunity for both seasoned investors and those looking to expand their portfolio. Don’t miss the chance to own a solid income-producing asset in one of Providence’s most established residential communities.

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Listing Details

MLS Number

1395451

Lot Size:

0.44 acres

Features

  • Urban
  • Year Built: 1910

Market Trends for Commercial Properties
in Providence

  • Overview
    Homes for Sale Today72-89.7% decrease in inventory
    New on Market *8-66.7% decrease in new listings
    Avg. Asking Price/Sq.Ft. *$43.55$46,128 decrease in List Price/Sq.Ft.
    Avg. Sale Price *$981,667$248,167 increase in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *92.28%-3.7% decrease in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$202.16$45 increase in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *576460 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?

    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 Rentprov Realty

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