Description
Discover the value in this well-positioned 2-unit multi-family property offering both income potential and promising renovation opportunities. This property is in desperate need of a full rehab; however, there is excellent potential for future appreciation through strategic improvements. The combination of location, space, and investment potential creates compelling value for discerning buyers. Please note, this will not pass FHA and will require cash, hard money or a rehab loan. Currently, this home has 1BD/1BA on the first floor unit and 2BD/1BA on the second floor unit, with a total of 1,518 square feet of living space. This home was always used as a family home, so no rent rolls are available. It may have the potential to be used either as a 2-family or converted into a single-family; buyer to do their due diligence. Major systems will need an upgrade, including roof, heating, electrical, and plumbing. The generous lot size provides a unique outdoor space with an oasis-like feel, filled with perennial gardens that need your attention.
Location advantages include convenient access to Providence’s train station, ensuring easy commutes for residents, and proximity to Wanskuck Park for recreational activities and green space enjoyment. These community features enhance the property’s desirability for potential renters or future buyers.
The property will be delivered vacant, and the sale will be subject to probate court approval. Easy go and show!
- Principal and Interest
- Property Tax
- HOA fee