This exquisite, rare 4-family townhouse-style building is a true gem, generating an impressive $4800 per month in rental income. Leases are month-to-month and one unit is vacant making this a great opportunity for an owner-occupied investor or developer! Two units feature recently updated kitchens and baths. The exterior was just painted and landscaped making this a turnkey investment. Each unit boasts a living room and kitchen on the first floor, two bedrooms on the second floor, and a private full-size basement with laundry hookups perfect for additional storage or potential expansion possibilities. This property boasts easy access to I-95, Route 146, shopping centers, and all essential amenities, making it an ideal location for tenants. The included profit and loss statement with the cap rate for each year provides a comprehensive overview of the investment potential, making it an opportunity that you don't want to miss.
Sold for $618,000
$618,000
681 Charles St., Providence, RI 02904
8beds
3,360sqft
Multi Family
Built in 1988
-- sqft lot
$753,000 Zestimate®
$184/sqft
$2,338 Estimated rent
Home value
$753,000
$715,000 - $791,000
$2,338/mo
Zestimate® history
Owner options
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$2,338/mo
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$2,338/mo
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$3,184/mo
Est. payment
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$3,184/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Eric Chauvin,
Penrose Realty,
Jared Iannelli 401-338-9622,
Penrose Realty
Bought with:
Ahmed Mohammed, RES.0047465
Keller Williams Leading Edge
Source: StateWide MLS RI,MLS#: 1340289
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Natural Gas, Gas Connected
Cooling
- None, Window Unit(s)
Appliances
- Included: Gas Water Heater
Features
- Plumbing (Mixed), Insulation (Unknown)
- Flooring: Laminate
- Basement: Full,Interior Entry,Partially Finished
- Has fireplace: No
Interior area
- Total structure area: 5,172
- Total interior livable area: 3,360 sqft
Property
Parking
- Total spaces: 6
- Parking features: No Garage
Lot
- Size: 4,791 Square Feet
Details
- Zoning: R-1
- Special conditions: Conventional/Market Value
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Wood
Condition
- New construction: No
- Year built: 1988
Utilities & green energy
- Electric: 100 Amp Service
- Utilities for property: Sewer Connected, Water Connected
Community & HOA
HOA
- Has HOA: No
Location
- Region: Providence
Financial & listing details
- Price per square foot: $184/sqft
- Annual tax amount: $8,308
- Date on market: 9/26/2024
- Inclusions: Buyer to perform due diligence. Buyer shall have until the expiration of the applicable Due Diligence Period to examine, inspect, and investigate the Property and, in Buyer's sole judgment and discretion, to determine whether Buyer desires to purchase this property.
- Total actual rent: 3500
- Tenant pays: Heat
Price history
| Date | Event | Price |
|---|---|---|
| 11/29/2023 | Sold | $618,000+3.2%$184/sqft |
Source:  StateWide MLS RI #1340289 Report a problem | ||
| 10/19/2023 | Pending sale | $599,000$178/sqft |
Source: StateWide MLS RI #1340289 Report a problem | ||
| 10/6/2023 | Listed for sale | $599,000$178/sqft |
Source: StateWide MLS RI #1340289 Report a problem | ||
| 8/3/2023 | Pending sale | $599,000$178/sqft |
Source: StateWide MLS RI #1340289 Report a problem | ||
| 7/25/2023 | Listed for sale | $599,000+60.6%$178/sqft |
Source: StateWide MLS RI #1340289 Report a problem | ||
| 2/5/2020 | Sold | $373,000$111/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Charles
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Nearby schools
GreatSchools rating
- 7/10Robert F. Kennedy Elementary SchoolGrades: K-5Distance: 0.4 mi
- 2/10Esek Hopkins Middle SchoolGrades: 6-8Distance: 0.4 mi
- 1/10Hope High SchoolGrades: 9-12Distance: 1.7 mi
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Estimated market value
$753,000
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$753,000
- Rhode Island
- Providence County
- Providence
- 02904
- Charles
- 681 Charles St.
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