Description
Introducing 407-409 Benefit St, a value-add opportunity in the heart of Brown and RISD’s campus. This legal 4-unit property, with additional bonus space, offers exceptional upside for investors whether stabilizing as high-demand student rentals, short term rentals, or a condo conversion. Premier location on the East Side of Providence. Can be delivered vacant at closing. Separate mechanicals, shared laundry, and a large yard. A savvy investor can explore converting the finished bonus space into an ADU.
Property Id: 1072043
Price: $ 1,295,000
Property Lot Size: 0 ac
Rooms: 14
Bedrooms: 5
Bathrooms: 5
Basement: Full, Interior and Exterior, Unfinished
Bathrooms Full: 5
Building Area Total (sqft): 3647
Construction Materials: Other Siding, Shingles
Cooling: Window Unit(s)
Electric: 100 Amp Service
Fireplaces Total: 2
Flooring: Hardwood, Vinyl
Foundation Details: Unknown
Heating: Electric, Natural Gas, Baseboard, Gas on Gas
Laundry Features: Common Area, In Building
MLS Listing #: 1413018
Living Area Source: Public Records
Living Area Units: Square Feet
Lot Features: Local Historic District
Lot Size SQFT: 4626
MLS Status: Active
Number Of Units Total: 4
Parking Features: No Garage
Sewer: Public Connected
State: RI
Street Name: Benefit
Street Number: 407
StreetNumberNumeric: 407
Street Suffix: Street
Structure Type: Side/Side
Annual Taxes: 14418.6
Water Source: Public
Year Built: 1784
Other Features
Gas Water Heater
Has Cooling System
Has Heating System
Property Attached
$ 7,664.56
per month
- Principal and Interest
- Property Tax
- HOA fee
$ 6,045.81
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