Located in the heart of Federal Hill, a vibrant and walkable neighborhood in Providence, 63 De Pasquale Avenue is a 25-unit multifamily apartment building. Fully leased to affordable housing tenants offering investors stable occupancy and consistent cash flow in a high-demand urban rental market. There is NO deed restriction on affordable housing, offering versatility to convert back to market rents or a hotel. The property sits just steps from the renowned restaurants, cafes, and cultural attractions providing residents with immediate access to one of Providence’s most sought-after neighborhoods. The offering includes the adjacent Crout Street alleyway, located directly behind the building, measuring approximately 90' x 20', and provides valuable rear access and potential operational flexibility. This offering represents a rare opportunity to acquire a 25-unit multifamily asset with additional land in a premier Providence location with strong long-term rental demand.