USARIProvidenceSilver Lake`83 Terrace Ave

83 Terrace Ave, Providence, RI

Name: 83 Terrace Ave, For Sale in Providence - Zoocasa
Brand: Smith and Oak Real Estate Co.
SKU: 1421951
Price: 579000 USD

House

For Sale

Listed price in listed location currency (USD).

$579,000

532

MLS® 1421951

Overview

Key Facts

Type Multi Family

Levels Residential Income

Size 2964 sqft

Garage Yes

Taxes $4,014

Days Active 49

Lot Size 0.068 Acres

Approx. Age 1900

Avg. Price Per Sqft $195

MLS® Number 1421951

Property Address: 83 Terrace Ave, Providence, RI, 02909-3875

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

Description

Silver Lake 3-Family Investor or Owner-Occupant Opportunity. Three units in one of Providence's steadiest rental pockets. The setup is a 1-bedroom first-floor unit plus two 2-bedroom apartments on the second and third floors, with an attached 2-car garage and off-street parking. Live in one and let the other two carry you, or drop it straight into your portfolio. Projected $72, 000 in annual rental income once all units are rented at market rate. All tenants are currently month-to-month. Strong in-place and market rents, Section 8 friendly, and a location that stays rented. Whether you're house-hacking your first multi or adding to a growing portfolio, this is a turnkey three-unit in a neighborhood that holds its demand. Schedule your showing today.

MLS® Number1421951

Laundry Level

Central VacNo

FireplaceYes

Acreage

Exterior

GarageYes

Approx. Age1900

BasementNone

DrivewayAttached, Garage

Garage Spaces

HeatBaseboard, Gas

A/CWall Units

Extras

Pro Forma Rental Income (Annual) Unit 1 -$1, 800/mo $21, 600/yr // Unit 2 - $2, 100/mo $25, 200/yr // Unit 3 - $2, 100/mo $25, 200/yr // Total: $5, 700/mo $72, 000/yr gross Buyer and buyer's agent are responsible for conducting their own due diligence and independently verifying all information. Neither seller nor listing agent/brokerage makes any representation or warranty as to the accuracy of any information provided. Some photos may be virtually staged and/or edited.

How Much House Can I Afford?

Home Estimate Zoopraisal®

This property is estimated to sell between: $418,000 and $660,000.

Similar properties in this area sold on average for: $418,357

Expected to sell very soon! Similar properties sold in 38 days. This home has been on Zoocasa for 49 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

Map

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