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26 Spencer Street Providence

$789,000
9 3 6,826 sq ft

The Property

26 Spencer is a soaring West end 3-family with excellent rental history and boundless potential. This property has fantastic investment opportunity for either an owner-occupied, or condo conversion situation. The sale includes the rear abutting lot of 27 Meader with parking for 6. Utilities are separated and each unit has it’s own private entrance, gas/electric meters, water heater etc.

Duct work is already in place for the addition of central AC. The attic is over 1200 sq feet with some plumbing already in place. It opens the possibility of a either a 4th unit or a double sized, massive 3rd floor unit.

The exterior has been vigilantly maintained throughout the years. The bright and sunny interiors feature original hardwoods and double living rooms, each 3 bedroom unit is just under 1400 sq ft.

The exciting West End is continually growing, adding promising shops, cafes, breweries and new restaurants to the already vibrant and very livable neighborhood.

6.2 cap rate once adjusted to market rent of $1850. Pristine rental history. Owner occupied tax would adjust down to $5502.42 annually

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Listing Details

MLS Number

1306911

Lot Size:

0.11 acres

Features

  • Basement: Full
  • Vinyl Siding
  • Heating: Baseboard, Hot Air
  • Heating Fuel: Gas
  • Laundry
  • Paved Lot
  • Sidewalks
  • Type: Apartment
  • Year Built: 1880

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