Majority newer windowsVinyl sidingMultiple newer water heaters
A RARE PROVIDENCE VALUE-ADD WITH BONUS DEVELOPMENT POTENTIAL. Well-kept 6-unit (legal 5) property in Providence’s Charles neighborhood offering strong current income with substantial upside still on the table. Below-market month-to-month rents create immediate opportunity for increased rents, while basic interior renovations offer additional value-add potential. Major capital improvements have already been handled, including a 2-year-old roof, majority newer windows, multiple newer water heaters, foundation repairs, and vinyl siding. The property also offers ample rear parking on a separate, buildable lot, creating rare future development potential beyond the existing asset. Strong infrastructure, flexible tenancy, and multiple paths to increased returns make 513 Charles Street a compelling investment from day one.
26 days
|
94
|
5
|
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Spectrum Real Estate Consultants401-334-3334,
Keller Williams Realty Leading Edge401-333-4900
Source: MLS PIN,MLS#: 73521978
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Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 10
Bathrooms: 6
Full bathrooms: 6
Features
Flooring: Tile, Vinyl
Basement: Full,Unfinished
Has fireplace: No
Interior area
Total structure area: 3,550
Total interior livable area: 3,550 sqft
Finished area above ground: 3,550
Property
Parking
Total spaces: 12
Parking features: Paved Drive, Off Street
Uncovered spaces: 12
Lot
Size: 4,792 Square Feet
Details
Parcel number: 586653
Zoning: RES
Construction
Type & style
Home type: MultiFamily
Property subtype: 5+ Family - 5+ Units Side by Side
Materials
Frame
Foundation: Brick/Mortar
Roof: Shingle
Condition
Year built: 1900
Utilities & green energy
Electric: Circuit Breakers
Sewer: Public Sewer
Water: Public
Community & HOA
Community
Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Highway Access, Public School
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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