ADDRESS
369 S MAIN STREET
PROVIDENCE, RI 02903
Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.
127 Newbury Street consists of a three-story building containing five (5) residential units comprised of three (3), 2-Bedroom/1-Bathroom units and two (2), 1-Bedroom/1-Bathroom units with 4,317 square feet of living area in 6,009 total gross square feet and is situated on a 0.17-acre parcel of land with off-street parking available to tenants. Utilities are separately metered for electricity, heat, and hot water which the tenants pay directly. Unit 1 (2 bed/1 bath) recently became vacant, the Property offers a 8.07 current cap rate and in-place rents are significantly below the current market rates. The opportunity exists to increase income via programmatic updates to the unrenovated units, common areas and exteriors to drive rental rates in a high demand/supply-constrained residential market.
2 weeks ago | Listing updated with changes from the MLS® | |
2 weeks ago | Status changed to Pending | |
a month ago | Listing first seen on site |
Did you know? You can invite friends and family to your search. They can join your search, rate and discuss listings with you.