189 Ontario Street, Providence RI 02907

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Active Under Contract

$749,500

189 Ontario Street, Providence, RI 02907

bedrooms

bathrooms

square feet

6,027

Acreage

Open Houses

year built

1930

Full Baths

Half Baths

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This unique property situated on a historic street comprises 5 individual residential apartments; all units boasting modern appliances which further exemplifies the eclectic aesthetic of them by combining comfort, style, and functionality. Sides units ‘has a one level town-house style feel’ to it; with identical floor plan just used for different functionalities. Units have been owner occupied for over 5 years. 1st. unit (L) has 3 beds + day bedroom + all year season porch. 2nd. side unit (R) has 3 bedrooms + plus a walk In closet + Garden Patio Area and has a detached garage + storage on its side bringing extra income. All units have eat- in-Kitchens. In addition’ sides units have separate electrical meters - parking is side by side with 2 drive ways. The 3rd floor level has loft style feel to it, as it occupies the entire floor with 2 good size bedrooms. The main 2 condo feel units have a very spacious bedrooms with hardwood floors throughout. This Investment Property, is entirely hard wired @100% Occupancy Rate with Month to Month leases at $16.97 per sqft. This Four Basis Return comprises of an income stream of gross rents more than $99,000 (YOY) =NOI is $66,700.00 with estimated cap rate at 8% .See(APOD). Conveniently located near the RIPTA/BUS Line, which is easy connection to MBTA commuter train station. And with Downtown Providence, Federal Hill, and the River Greenway Bike Path, near by, you have easy access 95/RT6 & to all amazing dining, entertainment & shopping.

Location
Subdivision	Historic Elmwood
County	Providence
Elementary School	-
Middle School	-
High School	-

Driving directions

Open houses

None scheduled.

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MLS number: 1366242

Listing agent: Collin Marchand

Listing broker: Residential Properties Ltd. (800) 886-1775

Copyright © 2024 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Saturday, December 14 2024 at 1:05 a.m. EST

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