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.
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
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#: 1340289

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