41 Transit St Providence, RI 02906

Property Details for 41 Transit St

Year built

1930

Property size

4,700 SF

Property type

Commercial real estate

Description

This exceptional five-unit multi-family property, located in the desirable Fox Point neighborhood of Providence, Rhode Island, presents a compelling investment opportunity. Situated at 41 E Transit Street, the property boasts a total of 4,700 square feet of living space, meticulously renovated to offer modern and comfortable living. Each of the five units features contemporary finishes, reflecting a commitment to high-quality updates. The property also includes a valuable three-car garage, providing ample parking for residents and generating additional income potential. Further enhancing its appeal is the inclusion of off-street parking, a rare and highly sought-after feature in this area. Adding to the property's income-generating capabilities is a 150-square-foot workshop, suitable for various uses. Maintenance concerns are minimized by the recent installation of a new roof and a 400-amp electrical system, only three years old. A coin-operated laundry facility within the building provides an additional revenue stream and convenience for tenants. The property's turnkey condition, combined with its prime location in the heart of Fox Point, makes it an ideal investment for both seasoned investors seeking strong returns and owner-occupiers looking for a profitable and low-maintenance property. The asking price is $995,000. This is a rare opportunity to acquire a fully renovated, income-producing property in a highly desirable Providence neighborhood.