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470 Academy Avenue Providence, RI 02908
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A terrific opportunity to own a 3-family home in the sought-after Elmhurst neighborhood of Providence! Close to Providence College, LaSalle Academy, and RI College, this historic charmer is big and bright, and features off-street parking for 6 cars in the double-wide driveway and for 2 more in the detached garage. The 1st and 2nd floor units feature similar layouts, each with 3 bedrooms, 1 full bathroom, a kitchen, a dining room and a living room. The 3rd floor unit has 2 bedrooms, 1 full bathroom, a kitchen and a living room. The 1st floor unit has a private front entrance, while the 2nd and 3rd floor units are each accessed by both front & back shared stairwells. Features of the house incl. inviting front porches on the 1st and 2nd levels, charming hardwood floors, high ceilings, replacement windows, aluminum storm doors (2019), a 1-layer roof (2019), a new copper main water line from the street to the house (2019), 3 new hot water tanks (2022), a code-compliant interconnected wireless smoke/co detection system (2023), separate utilities, & on-site laundry & ample storage in the basement. Great for a flip or as an owner-occupied opportunity, w/ rental income paying the mortgage and a homestead exemption to reduce the property taxes by 45%. Current rents are approx. 50% of actual market rate, with all tenants on month-to-months leases. The house does need TLC / updating and will not pass FHA. Selling "as is, " below assessment, for cash or via conventional or rehab loan only.
| 2 weeks ago | Listing updated with changes from the MLS | |
| 2 weeks ago | Listing first seen online |
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Data last updated at: 2023-03-30 01:10 AM UTC