15 Emmett Street, Providence, RI 02903
sale
$1,999,999
|
Other
Courtesy Of Real Estate Revolution LLC
Two 3 units with an extra lot! Point, Emmet and Beacon St! Opportunity to acquire a multi-parcel assemblage offering strong in-place income with substantial development upside. Individually stable and collectively powerful, this portfolio presents both immediate cash flow and long-term density potential. Highlights: 278 Point Street: 3-family, fully rented, ~$5,600/month income; right to add 3 additional units by right (no variances) 3,088 SF Land 7,522 SF 15-17 Emmett Street: 3-family, fully rented, ~$4,200/month income; right to add 1 additional unit by right 3,007.5 SF Land 4,190 SF Beacon Street: Development potential for 1-2 additional units Strong existing cash flow while pursuing expansion Assemblage potential to support a redevelopment exceeding 28+ residential units (subject to planning & zoning review) Ideal for investors or developers seeking stabilized income with significant future build-out opportunity.
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Property Features
- Age: Over 50 Years Old
- Exterior Type: Frame
- Floors: 3
- MLSID: 1405381
- Parking Spaces: 5
- Rooms: Basement
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