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62 - 72 John Street Providence

$3,600,000
0 15,097 sq ft

The Property

The properties on John St consist of 5 houses on 4 separate contiguous lots. All of the multi family homes were completely renovated in 2019 and all have new windows, electrical, plumbing, kitchens, baths, flooring and much more. This unique opportunity presents a once in a lifetime opportunity for the savvy investor. All of the properties are leased out for this year and for the 2023-2024 school year so there is nothing to do but collect rent.

Each of the houses has storage areas, laundry rooms with coin op laundry and a separate area for tools and maintenance. There is parking on-site for 18 cars which you don’t often see on College Hill. The properties are only a short walk to Brown and Wickenden St. They have a strong rental history with Brown Students and this year with no marketing were all leased out for the following year during the month of September. The rents are strong but there is also room to go up in the future. There are 4, 3 Bedroom apartments, 5, 4 bedroom units and a 5 bedroom apartment. Don’t miss out on this multi generational opportunity!

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Listing Details

MLS Number

1326829

Lot Size:

0.92 acres

Features

  • Basement: Full
  • Laundry Room
  • Security Lights
  • Type: Rental,Residential
  • Year Built: 1900

Market Trends for Commercial Properties
in Providence

  • Overview
    Homes for Sale Today63-88.4% decrease in inventory
    New on Market *20122.2% increase in new listings
    Avg. Asking Price/Sq.Ft. *$233.18$67 increase in List Price/Sq.Ft.
    Avg. Sale Price *$855,500$855,500 increase in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *97.41%100% increase in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$162.60$163 increase in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *108108 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 Lenox Realty Group

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