15-17 278 Emmett, Beacon And Point

Providence, RI 02903
Beds
15
Baths
6
Square Ft.
3,008
$1,600,000
Opportunity to acquire a multi-parcel assemblage offering strong in-place income with substantial development upside. Individually stable and collectively powerful, this portfolio presents both immediate cash flow and long-term density potential.Highlights:278 Point Street: 3-family, fully rented, ~$5,600/month income; right to add 3 additional units by right (no variances) 3,088 SFLand 7,522… Read MoreRead Less
Courtesy of Remax Revolution, Michael Alves.
Listing Snapshot
Days Online
251
Last Updated
Property Type
3 Family
Beds
15
Full Baths
6
Square Ft.
3,008
Lot Size
0.1 Acres
Year Built
1904
MLS Number
73479686
Property Location Map
Additional Details
Building
Built in 1904, Year Built Details: Actual, Living area: 3008, 3 stories, Levels: 3
Expenses
Insurance: $9,220, Operating: $38,613, Water/Sewer: $3,959
Income
Gross Income: $120,000, Net Operating Income: $77,787
Lot
0.1 acres, Corner Lot
Parking
12 open parking spaces, 12 total parking spaces
Property
Farm Land area units: Square Feet
Sewer
Public Sewer
Taxes
Parcel Number: M:23 L:636, Annual Amount: $7,066, Assessed Value: $504,700, Tax Book Number: 9797, Year: 2025, Zoning: -
Utilities
Water Source: Public
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Alex Parmenidez
Realtor®
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