407 Benefit St - Apartments FOR SALE


Providence, RI 02903- Fox Point
$1,295,000 USD
508-493-7093
407 Benefit St, Providence, RI for Sale
$1,295,000 USD
Apartments - FOR SALE
1/38
null | Request Cap Rate

407 Benefit St
Providence, RI 02903
Fox Point


OVERVIEW

Introducing 407-409 Benefit St, a value-add opportunity in the heart of Brown and RISD's campus. This legal 4-unit property, with additional bonus space, offers exceptional upside for investors whether stabilizing as high-demand student rentals, short term rentals, or a condo conversion. Premier location on the East Side of Providence. **Can be delivered vacant at closing**. Separate mechanicals, shared laundry, and a large yard. A savvy investor can explore converting the finished bonus space into an ADU.

FOR SALE DETAILS

PRICE

$1,295,000 USD

PRICE/SF

$355 USD /SF

# OF UNITS

4

PRICE/UNIT

$323,750

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1789

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,508 SF

ZONING

R-2

APN/PARCEL ID

PROV-160654-000000-000000

ASK ABOUT THIS PROPERTY

Spencer KelleherWilliam Raveis InspireMore Info
508-493-7093

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Spencer KelleherWilliam Raveis InspireMore Info
508-493-7093

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.