Map
Listed price in listed location currency (USD).
$1,500,000

1168

MLS® 1422669

Overview

Key Facts

Type Multi Family
Levels Residential Income
Size 5653 sqft
Garage 
Taxes $14,948
Days Active 6
Lot Size 0.2 Acres
Approx. Age 1953
Avg. Price Per Sqft $265
MLS® Number 1422669

Property Address: 67 Ridge Street, Providence, RI, 02909

Average square foot calculated using Size range provided by listing agent.

Description

Former convent with maintenance-free brick exterior, reimagined into a documented income-producing property across three floors. Eleven bedrooms and six baths span a layout built for shared occupancy: the first floor centers on a spacious furnished common area with vending for guest convenience, an ensuite with private bath, and two bedrooms sharing a bath; the second and third floors each repeat an ensuite plus three bedrooms sharing a common bath and kitchen. That room-around-common-space structure extends this property's appeal beyond the conventional investor to group home operators, transitional or sober-living housing, student housing, and institutional or nonprofit buyers. **A finished lower level adds five rooms, a bath, and coin-op laundry not counted toward the bedroom total due to window egress sizing, offering future expansion potential once brought into code compliance.**Documented annual income runs $174, 960 across a diversified revenue base long-term tenancy alongside an active short-term rental operation through Airbnb and Cloudbeds and the property is sold fully furnished, running near a 7.5% cap rate at the current ask.**Located in the heart of Federal Hill, within walking distance of Atwells Avenue's restaurants, shops, and entertainment, with the West Side's full range of amenities close by. Ample on-site parking, a nearby dog park, and easy access to downtown Providence and the train.
MLS® Number1422669
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1953
BasementExterior Entry, Full, Finished, Interior Entry
DrivewayNo Garage
Garage Spaces
HeatBaseboard, Gas, Hot Water, Steam
A/COne Unit

Extras

Map

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment
Loading...

Similar Listings

Comparable Properties