241 Pocasset Providence, RI 02919

Building Details

Year Built

2024

Listing Agency INNOVATIONS REALTY m***@gmail.com Show Phone

Listed by MADELYNN DUARTE · License #RES.00334400

Source Corcoran

Added: Apr 8 Checked: Jul 17 at 3:27 am

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Investment Insights

Based on property information with market context.

This is an 8-unit new construction investment property ready for immediate cash flow. The property is nearing completion and in the process of securing tenants. It features a mix of 1-bedroom and 2-bedroom units. A 5-year tax stabilization agreement is in place, with taxes starting at 20% in Year 1 and 40% in Year 2. The property is located in Providence, RI.

Key Highlights

• Turnkey 8‑unit new construction investment property ready for immediate cash flow.
• Valuable 5‑year tax stabilization agreement significantly boosting early returns.
• Already in the process of securing tenants, eliminating lease‑up risk.

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FAQs

What type of property is this?

Apartment building - New construction 8-unit property with immediate cash flow potential.

Where is this apartment building located?

The property is located at 241 Pocasset Providence, RI.

What is the asking price?

The asking price for this property is $1,599,999.

What are key features of this property?

This property features: Turnkey 8‑unit new construction investment property ready for immediate cash flow.; Valuable 5‑year tax stabilization agreement significantly boosting early returns.; Already in the process of securing tenants, eliminating lease‑up risk.