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60 East Transit St, Providence, RI – $999,900

  • $1000k Price
  • 71 DOM
  • $1000k Price
  • 71 DOM

60 East Transit St

7.2% Cap Rate, Estimated $113,000 in annual gross rents and cash flow after mortgage of approx $20,000. Seven total units plus a garage on one lot. One three-family home and one four-family home on this one parcel comprise the 7 units. The front building is a 3-family with all 2-bedroom apartments (1 occupied, 2 vacant). The 4-family is located on the rear of the lot consisting of 2 2-bedroom units and 2 1-bedroom units (2 occupied, 2 vacant). Some of the apartments have electric baseboard heat. The two 1-bedroom units were recently remodeled with new kitchens, tile flooring, baths, granite counters etc. Great rental history to medical students/residents/fellows as well as Brown Univ. grad students. Tenants pay their own utilities w/ exception of 2 units where partial electric included. Potential for value add with condo conversion. Off-street parking available for roughly 6 vehicles. Newer roof on front building, replacement vinyl windows, and vinyl siding make this a great low maintenance investment opportunity. Located in the highly desirable Fox Point area on the East Side of Providence. This listing is part of a portfolio consisting of a total of 20 apartments with nearly $300,000 in annual gross rents. See MLS numbers 1244394 (123 Warren Ave, East Providence) and 1244418 (364 High St, Central Falls) for more info along with attached profit and loss statements. These properties can be sold as a package for the savvy investor or individually by MLS listing

Essential Information

  • MLS® #1244414
  • Price$999,900
  • Bathrooms0.00
  • Acres0.00
  • Year Built1930
  • TypeCommercial Sale
  • Sub-TypeCommercial
  • StyleMulti-Family
  • StatusActive
  • HOA Dues0.00

Community Information

  • Address60 East Transit St
  • CityProvidence
  • CountyProvidence
  • StateRI
  • Zip Code02906


Fox Point / East Side of Providence


  • Parking Spaces8


Natural Gas Available, Natural Gas Connected, Municipal Utilities, Phone Available, Water Connected


  • ExteriorFrame
  • ConstructionFrame

Additional Information

  • Date ListedJanuary 13th, 2020
  • Days on Market71

Listing Details

  • OfficeKeller Williams Realty Nri
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Keller Williams Realty Nri.

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.Information is deemed reliable but is not guaranteed. © 2020 State-Wide Multiple Listing Service. All rights reserved.

Listing information last updated on June 2nd, 2020 at 1:01pm EDT.