114 - 116 Jenkins Street Providence

$895,000
9 3.5 3,158 sq ft

The Property

Attention all Investors and Buyers seeking to maximize cash flow! 114 Jenkins is located on the first floor and is a lovely, traditional year-long rental space that includes 3 bedrooms and 1 bathroom. 116 Jenkins comprises the second and third floor offering 6 bedrooms and 2.5 bathrooms and is configured for co-living with multiple occupants under one master lease. Additional income is generated from the coin operated laundry room and ample parking area (2 spaces adjacent to the building and 4 deeded spaces that convey located in a nearby parking area). Both units are turnkey and the entire building has been impeccably maintained.

Both units have current lead-safe certificates. Close to RISD, Brown and Miriam Hospital as well as shops, cafes and Whole Foods. Rock solid Cap Rate of 7% and over $90,000 in annual gross rental income makes this charming duplex a great addition to any savvy investor’s portfolio.

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Listing Details

MLS Number

1407152

Lot Size:

0.07 acres

Features

  • Basement: Full, Interior Only, Unfinished, Common, Laundry
  • Bus
  • Hospital
  • Public School
  • Restaurants
  • Schools
  • Shopping
  • Heating: Natural Gas, Baseboard, Forced Water
  • Heating Fuel: Natural Gas, Baseboard, Forced Water
  • Laundry
  • Year Built: 1880

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Listed by Residential Properties Ltd.

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