Turn-Key Multifamily Investment
31 Gilmore Street Providence, RI 02907
31 Gilmore Street, Providence, RI, 02907
$640,000
For Sale
$640,000
Well-maintained 6-bedroom multifamily property with income potential.
Days on Market78
Property Features for 31 Gilmore Street
General Information
- Standard status
- Active
- Property subtype
- Multi-family
Building Details
- Year Built
- 1930
Listing Agency
Century 21 Visionary Group
Listed by
The InnoVenture Team
Source
Milburyre
Added: Apr 30 Checked: Jul 16 at 11:26 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Visionary Group
Investment Insights
Based on property information with market context.
This well-maintained 6-bedroom, 3-bathroom multifamily property presents an investment opportunity for owner occupants and traditional investors. Currently operated as a short-term rental property, it generates six-figure rental income. Alternatively, it can be operated as a traditional multi-family rental with an estimated rent roll exceeding $57,000. This property also suits multi-generational or owner-occupied living. Recent capital improvements include the installation of two new boilers, blow-in insulation for efficiency, a new water main, and no-maintenance PEX plumbing throughout. If the buyer wishes to continue operating the property as a short term rental, the seller is willing to stay onboard to support the transitional period and offer consulting as part of the transaction. Furnishings, linens, and all fixtures (excluding artwork) are negotiable. Established operational systems, including housekeeping, laundry services, and a dedicated handyman, are in place to support continued operations if the buyer chooses to continue with short term rentals. This property can be delivered as a turn-key short term rental, or vacant and ready for its new owner and tenants.
Key Highlights
- Proven 6‑figure short‑term rental income potential.
- Option for turn‑key short‑term rental operation with established systems and seller support.
- Potential for $57k+ traditional multi‑family rental income.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Short term rental ...
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FAQs
What type of property is this?
Short term rental property - Well-maintained 6-bedroom multifamily property with income potential.
Where is this short term rental property located?
The property is located at 31 Gilmore Street Providence, RI.
What is the asking price?
The asking price for this property is $640,000.
What are key features of this property?
This property features: Proven 6‑figure short‑term rental income potential.; Option for turn‑key short‑term rental operation with established systems and seller support.; Potential for $57k+ traditional multi‑family rental income.
