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248 Cypress Street Providence

$725,000
7 3 5,600 sq ft

The Property

Meticulously maintained and totally redone owner occupied legal 3 unit prominently set on a large corner lot east of Hope St. offering fantastic outdoor living space and a 3 car width, side by side cobblestone parking lot. Each unit offer beautiful bathrooms and fantastic kitchens with granite counters and stainless appliances, gorgeous refinished wood flooring throughout, painstakingly redone wood trim, new windows, efficient ductless air conditioning on first and second floors and central air conditioning on third floor. The first and second floor units feature sun filled double living rooms with two bay window walls plus a separate dining room with built-ins and box bay window wall, eat-in kitchen, 2 bedrooms and one full bathroom while the spacious and inviting 3 floor unit can be either a 2 or 3 bedroom unit.

The 2 level south facing solidly built front porches run the full width of the front of the building and the spacious rear patio covers nearly the entire rear yard. The bright immaculate basement features a spacious laundry room with stainless steel sink and folding area as well as ample storage for each unit. This large, turnkey multi unit is the ideal owner occupied, investment or condo conversion opportunity in a fantastic location between Brown University/Thayer St and Hope Village. Rents are currently below market and tenants are on a month to month basis. Taxes are based on $14.50/thousand homestead exemption rate.

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Listing Details

MLS Number

1252938

Lot Size:

0.11 acres

Features

  • Basement: Full
  • Clapboard
  • Insulated Glass Windows
  • Porch
  • Shingles
  • Storm Door
  • Wood
  • Heating: Central Stream, Forced Air
  • Heating Fuel: Gas
  • Laundry
  • Corner
  • Paved Driveway
  • Type: Up/Down
  • Year Built: 1912

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Market Trends for Multi Family Homes
in Providence

  • Overview
    Homes for Sale Today59-97.3% decrease in inventory
    New on Market *615.2% increase in new listings
    Avg. Asking Price/Sq.Ft. *$225.29$17 increase in List Price/Sq.Ft.
    Avg. Sale Price *$551,297$378 increase in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *100.86%-2.9% decrease in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$190.16$0 increase in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *828 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 Patriot Realty, Inc.

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