$669,000
Estimated Payment$3,160/mo
Multi-Family For SaleUnder Contract

205 Federal Street, Providence, RI 02903

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10Beds
3Baths
Multi-Family Home In Federal Hill

3 Unit Cash Cow for sale! Gross $6100 a month w and rents are still bellow market! Spacious 4 Beds/1 Bath on 1st and 2nd floors, 2 Bed/1 Bath on third. Mostly hardwood floors, newer carpet in a few bedrooms. Updated baths. High ceilings. Separate utilities. Recent High Efficiency Navien Combo Heating/Hot water systems (2022,2021,2013). Roof only 3 years young! Maintenance free vinyl siding. Full basement. Washer, dryer, dishwasher, refrigerator, stove, and microwave All included in each unit! 2nd floor is currently vacant for easy showing and possible owner occupancy if needed, and virtually identical to 1st floor. All tenants are Mtm. Incredible location in the heart of Federal Hill! Close to everything! Walk to delicious restaurants, cozy shops, downtown activities and much more... near college's such as Jwu, Brown, etc. Just minutes to the highways rt95, rt195 ,rt10, rt146 and rt6! Don't miss out on this rare turnkey cash flow opportunity! Call today!

205 Federal Street is a multi family-home located in Providence, the 02903 ZIP Code, and the Carl G. Lauro Elementary School, Nathanael Greene Middle School, and Classical High School attendance zones.

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205 Federal Street
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Location
205 Federal Street Providence, RI 02903
Home Details

Listing Details

General

  • Total Number of Units: 3
  • Number of Buildings: 1
  • Days On Market: 78
  • Inclusions: 1st Floor 2300 Mtm 2nd Floor 2300 Est Vacant Same Layout as 1st 3rd Floor 1500 Mtm

Interior Details

Rooms

  • Full Bathrooms: 3
  • Basement Details: Full, InteriorEntry, Unfinished
  • Basement: Yes
  • Total Rooms: 19

Utilities

  • Heating: Yes
  • Heating Details: Baseboard, Gas
  • Electric Details: 100 Amp Service
  • Utilities: Sewer Connected

General

  • Interior Features: TubShower, Cabletv
  • Appliances: Dryer, GasWaterHeater, Oven, Range, Refrigerator, TanklessWaterHeater, Washer
  • Flooring: CeramicTile, Hardwood, Carpet

Financial Details

Expenses

  • Tenant Pays: Hot Water

    Tax Details

    • Zoning: r 3
    • Annual Tax Amount: 7478
    • Assessed Tax Value: 524800

    Property Details

    Community

    • Community Features: Golf, HighwayAccess, Marina, NearHospital, NearSchools, PublicTransportation, RecreationArea, Shopping, TennisCourts

      General

      • Water Source(s): Connected, Public
      • Total Stories: 3
      • Laundry Features: In Unit

      Parking

      • Parking Features: No Garage
      • Total Number of Parking Spaces: 4
      • Other Parking: No Garage

      Construction Details

      • Foundation Details: BrickMortar, Combination, ConcretePerimeter
      • Construction Materials: Plaster, VinylSiding

      Location Details

      Region

      • Subdivision Name: Federal Hill

        MLS Details

        General

        • Days on Homes.com: 83
        • MLS Number: 1315111
        • Listed: 7/10/2022
        • Last Updated: 9/28/2022
        • Offered By: HomeSmart Professionals
        • Listing Source: State-Wide Multiple Listing Service
        Monthly Payment Calculator

        $3,160

        Estimated Mortgage
        Principal & Interest
        $2,256
        Insurance
        $234
        Taxes
        $669
        Mortgage Insurance
        $0
        i
        Include PMI: Private Mortgage Insurance (PMI) is required by lenders if the down payment is less than 20% of the home price. It is recommended to include this field if your down payment is less than 20% of the home price.
        i
        If you or your spouse are active or retired military you may be eligible for special VA loan programs for veterans. The VA loan programs include benefits like no down payment and no private mortgage insurance (PMI).
        Price History
        • DateEventPrice
        • 07/28/2022$20,000$669,000
          Source: State-Wide Multiple Listing Service
        • 07/10/2022listed$689,000
          Source: State-Wide Multiple Listing Service
        Nearby Schools
        School data provided by GreatSchools
        i
        The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs and consider family needs as a part of the school selection process.
        Points of Interest

        Airports

        Distance
        • T. F. Green
          11.3 mi

        Colleges

        Distance
        • C.C. of Rhode Island, Downcity
          1.0 mi
        • Johnson & Wales Univ Downcity
          1.0 mi
        • Rhode Island School of Design
          1.4 mi

        Military Bases

        Distance
        • Rhode Island National Gaurd
          21.4 mi
        • US Military Reservation
          42.4 mi

        Parks and Recreation

        Distance
        • Woonasquatucket River Greenway - Riverside Park
          1.4 mi
        • Providence Children's Museum
          1.4 mi
        • Roger Williams National Memorial
          1.5 mi
        • Ladd Observatory
          2.6 mi

        Shopping Centers

        Distance
        • Eagle Square
          0.6 mi
        • Providence Place
          1.1 mi
        Listing Agent
        Paul Defalco
        HomeSmart Professionals
        Providence, RI
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        $669,000

        10 Beds3 Baths

        205 Federal Street

        Providence, RI 02903

        Paul Defalco
        HomeSmart Professionals