21 Whitehall St Whitehall St Providence, RI 02909

This exceptional investment opportunity presents a rare chance to acquire a 5,174 square foot commercial and residential land parcel in the heart of Providence, Rhode Island. The property, located at 21-23 Whitehall Street, zip code 02909, consists of two buildings constructed in 1900. The site offers significant potential for redevelopment or continued operation as a multi-family property. Currently, the property includes seven units, comprising six one-bedroom, one-bathroom units and one two-bedroom, one-bathroom unit. Recent improvements include new roofs, mechanical systems, and a fire suppression system. The property boasts a strong cap rate of 8.80% and is listed at $710,000. Its central Providence location provides easy access to major highways and amenities, making it highly attractive to tenants. Tenants are responsible for their own utilities. This turnkey property offers a compelling opportunity for passive income and future appreciation, presenting a low-maintenance, high-return investment. The property's layout and location contribute to its strong value proposition. This is an ideal investment for those seeking a hassle-free, high-yield property with significant upside potential.