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Sold for $618,000 on 11/29/23
  • $618,000

    681 Charles St., Providence, RI 02904

    8beds
    3,360sqft
    Multi Family
    Built in 1988
    -- sqft lot
    $717,500 Zestimate®
    $184/sqft
    $2,507 Estimated rent

    What's special

    This exquisite, rare 4-family townhouse-style building is a true gem, generating an impressive $4800 per month in rental income. Leases are month-to-month and one unit is vacant making this a great opportunity for an owner-occupied investor or developer! Two units feature recently updated kitchens and baths. The exterior was just painted and landscaped making this a turnkey investment. Each unit boasts a living room and kitchen on the first floor, two bedrooms on the second floor, and a private full-size basement with laundry hookups perfect for additional storage or potential expansion possibilities. This property boasts easy access to I-95, Route 146, shopping centers, and all essential amenities, making it an ideal location for tenants. The included profit and loss statement with the cap rate for each year provides a comprehensive overview of the investment potential, making it an opportunity that you don't want to miss.

    Zillow last checked: 7 hours ago

    Listing updated: November 29, 2023 at 10:20am

    Listed by:

    Eric Chauvin,

    Penrose Realty,

    Jared Iannelli 401-338-9622,

    Penrose Realty

    Bought with:

    Ahmed Mohammed

    Keller Williams Leading Edge

    Source: StateWide MLS RI,MLS#: 1340289MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 4
    • Full bathrooms: 4
    Heating
    • Natural Gas, Gas Connected
    Cooling
    • None, Window Unit(s)
    Appliances
    • Included: Gas Water Heater
    Features
    • Plumbing (Mixed), Insulation (Unknown)
    • Flooring: Laminate
    • Basement: Full,Interior Entry,Partially Finished
    • Has fireplace: No
    Interior area
    • Total structure area: 5,172
    • Total interior livable area: 3,360 sqft

    Property

    Parking
    • Total spaces: 6
    • Parking features: No Garage
    Lot
    • Size: 4,791 sqft
    Details
    • Zoning: R-1
    • Special conditions: Conventional/Market Value

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Materials
    • Wood
    Condition
    • New construction: No
    • Year built: 1988

    Utilities & green energy

    • Electric: 100 Amp Service
    • Utilities for property: Sewer Connected, Water Connected

    Community & neighborhood

    Location
    • Region: Providence

    HOA & financial

    Other financial information
    • Total actual rent: 3500
    Services availability
    Sell for more on Zillow
    Get a free Zillow Showcase℠ listing and you could sell for .
    $717,500
    2% more+ $14,350
    With Zillow Showcase(estimated)
    $731,850