94 Ridge Street Providence

$1,400,000
7,841 sq ft

The Property

Excellent investment opportunity in desirable Federal Hill! Situated on an oversized lot in an R-4 zone, this fully occupied property offers strong tenant retention and significant potential for future growth. Numerous updates have been completed throughout the units, including modern kitchens and bathrooms, while original hardwood floors retain the property’s classic character. Mechanical improvements include high-efficiency, on-demand heating systems and an updated fire-safety system. Plentiful parking on site.

Utilities separate. Additional opportunities may exist to enhance income through storage, parking, laundry, rent optimization, property improvements, or future development, subject to applicable approvals. Buyers and their agents are encouraged to perform their own due diligence.

Location offers walkability and close proximity to area entertainment, dining, and shopping. Easy access to public transportation, Rt 10, 6, & 95, and minutes to Downtown Providence Train Station. Within 10 minutes or less of major hospitals, universities, and state offices. Walk or bike to Downtown Providence.

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Listing Details

MLS Number

1423818

Lot Size:

0.18 acres

Features

  • Heating: Steam
  • Heating Fuel: Steam
  • Urban
  • Year Built: 1900

Market Trends for Commercial/Business,Commercial Sale
in Providence

  • Overview
    Homes for Sale Today59-26.3% decrease in inventory
    New on Market *10-28.6% decrease in new listings
    Avg. Asking Price/Sq.Ft. *$258.68$17 increase in List Price/Sq.Ft.
    Avg. Sale Price *$755,250$82,250 decrease in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *92.41%-1.5% decrease in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$250.89$14 decrease in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *5726 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 RentProv Realty
Email: jeff@rentprovrealty.com
Phone: 401-223-2222

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