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58 Veazie Street Providence

$549,900
8 3 3,720 sq ft

The Property

Solid Investment property near Providence College with three units and a total of 8 bedrooms and 3 bathrooms. The first floor unit with 2 bedrooms has been completely renovated with new flooring, paint, appliances, and an updated bath. The second and third floor units are identical, with 3 bedrooms and 1 bath each, a large dining room with galley kitchen, large living rooms, and a closed in porch. Each has updated bathrooms, hardwood floors, and bay windows.

The property also has a two car garage with additional rental income possibility, replacement windows, new architectural shingle roof (GAF), each unit has a new Viessmann on demand heating and hot water system. Tenants on 2 & 3 are mo to mo with lower than average rents. Currently a 7.5-8% cap, with market rents would be higher. This is also an ideal opportunity for an owner occupant, to live free from a mortgage payment while building equity.

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Listing Details

MLS Number

1356660

Lot Size:

0.08 acres

Features

  • Basement: Full
  • Aluminum Siding
  • Brick
  • Heating: Baseboard, Forced Water
  • Heating Fuel: Gas
  • Garage: Detached
  • Laundry
  • Paved Lot
  • Type: Apartment
  • Year Built: 1930

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Listed by Mott & Chace Sotheby's Intl.

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