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171 Prospect, 71-73 Olney Street

Providence, RI 02906
  • $3,750,000
  • STATUS: Active
  • ON SITE: 9 Days
  • MLS #: 1295486
UPDATED: 52 min ago
$3,750,000
  • 0
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 9,400
    SQFT
  • $399
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1920
County:
Area:

School Ratings & Info

Description

171-173 Prospect/71-73 Olney is a residential apartment investment opportunity like no other the East Side of Providence has ever seen. These two three-family apartment homes are located at the corner of Prospect and Olney streets, in the heart of College Hill with easy access to amenities like Whole Foods, Starbucks, and the shops at University Heights. These apartments are close to everything, offering comfortable, suburban living while maintaining quick entry to downtown and the commuter rail. The two properties, comprising 9,500 sqft, 30 bedrooms, 14 bathrooms and 8 parking spaces, were developed with the Brown University, RISD and Johnson & Wales (all within 1/2 to 1 mile away) higher-end student market in mind. Gutted to the studs, each unit has new electrical, new plumbing, new HVAC (heating and central A/C), fire safety sprinklers and alarm systems. The interiors offer granite/stainless kitchens, ceramic tile bathrooms, modern appliances, designer color schemes and refinished wood flooring. Each unit also comes fully furnished. Rented by the bedroom, each contains queen-sized bed, dresser, night-stand, desk and chair. Common spaces have club chairs, couches, coffee tables, end tables, 55" flatscreen TV and full dining room sets. This is a fully turnkey investment. With over $350,000 in gross income, this is smart money for the savvy investor.

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© 2021 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than Barrows Team Realty | Keller Williams Realty Leading Edge are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or Barrows Team Realty | Keller Williams Realty Leading Edge. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2021-10-16T22:37:34.72.
www.barrowsteamrealty.com/homes/122150016
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171 Prospect, 71-73 Olney Street Providence, RI 02906

  • Price: $3,750,000
  • Status: Active
  • Updated: 52 min ago
  • MLS #: 1295486
0
Beds
0
Baths
0
½ Baths
0.18
Acres
9,400
SQFT
$399
$/SQFT
1920
Built
Neighborhood:
College Hill, East Side
County:
Providence
Area:
Providence
Property Description
171-173 Prospect/71-73 Olney is a residential apartment investment opportunity like no other the East Side of Providence has ever seen. These two three-family apartment homes are located at the corner of Prospect and Olney streets, in the heart of College Hill with easy access to amenities like Whole Foods, Starbucks, and the shops at University Heights. These apartments are close to everything, offering comfortable, suburban living while maintaining quick entry to downtown and the commuter rail. The two properties, comprising 9,500 sqft, 30 bedrooms, 14 bathrooms and 8 parking spaces, were developed with the Brown University, RISD and Johnson & Wales (all within 1/2 to 1 mile away) higher-end student market in mind. Gutted to the studs, each unit has new electrical, new plumbing, new HVAC (heating and central A/C), fire safety sprinklers and alarm systems. The interiors offer granite/stainless kitchens, ceramic tile bathrooms, modern appliances, designer color schemes and refinished wood flooring. Each unit also comes fully furnished. Rented by the bedroom, each contains queen-sized bed, dresser, night-stand, desk and chair. Common spaces have club chairs, couches, coffee tables, end tables, 55" flatscreen TV and full dining room sets. This is a fully turnkey investment. With over $350,000 in gross income, this is smart money for the savvy investor.
Exterior Features

Construction Materials Frame Lot Features Corner Lot Parking Total 8

Interior Features

Basement Full Basement YN Yes Cooling Central Air Heating Forced Air

Property Features

Business Type Residential Community Features Highway AccessNear HospitalNear SchoolsPublic TransportationRecreation AreaShoppingStreet LightsSidewalks Electric 200+ Amp Service Land Lease YN No Operating Expense 0 Owner Pays Common Area MaintenanceExterior MaintenanceGrounds CareRepairsRoof MaintenanceSewerTaxesTrash Collection Possible Use Multi-FamilyResidential Property Sub Type Commercial Road Frontage Type City Street Sewer ConnectedPublic Sewer Tax Annual Amount 31835 Tax Assessed Value 1296200 Tax Lot 570522 Tax Year 2021 Utilities Electricity AvailableNatural Gas ConnectedMunicipal UtilitiesSewer ConnectedWater Connected Water Source ConnectedPublic

Listing information © 2021 State-Wide Multiple Listing Service.
Listing provided courtesy of Mott & Chace Sotheby's Intl..





© 2021 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than Barrows Team Realty | Keller Williams Realty Leading Edge are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or Barrows Team Realty | Keller Williams Realty Leading Edge. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2021-10-16T22:37:34.72.
 
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Barrows Team Realty | Keller Williams Realty Leading Edge
14 Breakneck Hill Road, Suite 101
Lincoln RI, 02865