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26 Spencer Street

Providence, RI 02909
  • $709,000
  • STATUS: Active
  • ON SITE: 29 Days
  • MLS #: 1312271
Price Reduced
UPDATED: 41 min ago
$709,000
  • 9
    BEDS
  • 0.11
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 6,826
    SQFT
  • $104
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1880
County:
Area:

School Ratings & Info

Description

26 Spencer is a soaring West end 3-family with excellent rental history and boundless potential. This property has fantastic investment opportunity for either an owner-occupied, or condo conversion situation. The sale includes the rear abutting lot of 27 Meader with parking for 6. Utilities are separated and each unit has it's own private entrance, gas/electric meters, water heater etc. Duct work is already in place for the addition of central AC. The attic is over 1200 sq feet with some plumbing already in place. It opens the possibility of a either a 4th unit or a double sized, massive 3rd floor unit. The exterior has been vigilantly maintained throughout the years. The bright and sunny interiors feature original hardwoods and double living rooms, each 3 bedroom unit is just under 1400 sq ft. The exciting West End is continually growing, adding promising shops, cafes, breweries and new restaurants to the already vibrant and very livable neighborhood. 6.2 cap rate once adjusted to market rent of $1850. Pristine rental history. Owner occupied tax would adjust down to $5502.42 annually

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© 2022 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: 2022-07-07T09:37:42.153.
www.barrowsteamrealty.com/homes/129578872
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26 Spencer Street Providence, RI 02909

  • Price: $709,000
  • Status: Active
  • On Site: 29 Days
  • Updated: 41 min ago
  • MLS #: 1312271
9
Beds
3
Baths
0
½ Baths
0.11
Acres
6,826
SQFT
$104
$/SQFT
1880
Built
Neighborhood:
West End / Fed Hill
County:
Providence
Area:
Providence
Property Description
26 Spencer is a soaring West end 3-family with excellent rental history and boundless potential. This property has fantastic investment opportunity for either an owner-occupied, or condo conversion situation. The sale includes the rear abutting lot of 27 Meader with parking for 6. Utilities are separated and each unit has it's own private entrance, gas/electric meters, water heater etc. Duct work is already in place for the addition of central AC. The attic is over 1200 sq feet with some plumbing already in place. It opens the possibility of a either a 4th unit or a double sized, massive 3rd floor unit. The exterior has been vigilantly maintained throughout the years. The bright and sunny interiors feature original hardwoods and double living rooms, each 3 bedroom unit is just under 1400 sq ft. The exciting West End is continually growing, adding promising shops, cafes, breweries and new restaurants to the already vibrant and very livable neighborhood. 6.2 cap rate once adjusted to market rent of $1850. Pristine rental history. Owner occupied tax would adjust down to $5502.42 annually
Exterior Features

Construction Materials PlasterVinyl Siding Covered Spaces 0 Foundation Details Combination Garage YN No Lot Features Paved Parking Features No Garage Parking Total 6

Interior Features

Appliances DryerDishwasherDisposalMicrowaveOvenRangeRefrigeratorWater HeaterWasher Basement FullInterior EntryPartially Finished Basement YN Yes Cooling 1 UnitWindow Unit(S) Fireplace Features None Fireplace YN No Fireplaces Total 0 Flooring Hardwood Heating BaseboardForced AirGas Interior Features Attic

Property Features

Community Features Highway AccessNear HospitalNear SchoolsPublic TransportationRecreation AreaShoppingSidewalks Inclusions Market Rent is Closer To $1850 Per Unit Land Lease YN No Laundry Features Common Area Operating Expense 14911 Property Sub Type Multi Family Senior Community YN No Sewer ConnectedPublic Sewer Structure Type Apartment Tax Annual Amount 9171 Tax Assessed Value 373400 Tax Lot 168 Tax Year 2021 Utilities Sewer Connected Water Source ConnectedPublic Zoning R3

Listing information © 2022 State-Wide Multiple Listing Service.
Listing provided courtesy of Lila Delman Compass.





© 2022 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: 2022-07-07T09:37:42.153.
 
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Barrows Team Realty | Keller Williams Realty Leading Edge
14 Breakneck Hill Road, Suite 101
Lincoln RI, 02865