Description
Rarely available for sale, 244 Bowen Street is a legal 12-Unit apartment building in the heart of Brown University. This building provides immediate scale for an investor, providing (8) 1 Bed/1Bath apartments and (4) Studio/1Bath apartments. Largely occupied by graduate and medical students at Brown University, this quiet and turn-key building offers an incredible location with upside to increase rents. 100% occupied each year. Recent improvements include a newer heating system, replaced plumbing stack, hot water tank, and many replacement windows. Vinyl siding ensures a low maintenance exterior. Unbeatable location for student housing
Property Id: 1182360
Price: $ 2,850,000
Property Lot Size: 0 ac
Rooms: 20
Bedrooms: 12
Bathrooms: 12
Basement: Full, Interior Only, Unfinished
Bathrooms Full: 12
Building Area Total (sqft): 6313
Inclusions: (8) 1 Bed/1Bath
(4) Studio/1Bath
Construction Materials: Vinyl Siding
Cooling: Window Unit(s)
Owner Pays: Heat
Electric: 100 Amp Service
Fireplaces Total: 1
Flooring: Hardwood, Other, Vinyl
Foundation Details: Brick/Mortar, Mixed
Heating: Natural Gas, Steam
MLS Listing #: 1417573
Living Area Source: Public Records
Living Area Units: Square Feet
Lot Size SQFT: 3542
MLS Status: Active
Number Of Units Total: 2
Parking Features: No Garage
Sewer: Public Connected
State: RI
Street Name: Bowen
Street Number: 244
StreetNumberNumeric: 244
Street Suffix: Street
Structure Type: Apartment
Annual Taxes: 43453.96
Water Source: Public
Year Built: 1914
Other Features
Gas Water Heater
Has Cooling System
Has Heating System
Plumbing (Mixed)
Property Attached
$ 16,867.96
per month
- Principal and Interest
- Property Tax
- HOA fee
$ 13,305.46
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