189 Ontario Street Providence, RI 02907
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.
- Property TypeCommercial
- NeighborhoodHistoric Elmwood
- CountyProvidence
- Taxes$10,402
- HOA/Condo/Coop Fees$0
- Days on Site37 Days
- MLS StatusActive Under Contract
- MLS ID Number1366242
- Home Size Source N/A
- Year Built1930
- Lot Size9881 Acres
- Full BathsN/A
- Partial BathsN/A
Sell your house quickly!
Get multiple potential cash offers for your home. Fast and hassle-free!
Learn MoreRecent Activity For 189 Ontario Street Providence, RI 02907
3 days ago | |
3 days ago | |
a month ago |
Don't miss a thing!
Get updates on new activity for this listing
General Features
- Parking Spaces 6
- Sewer Public Sewer
- Electric 100 Amp ServiceCircuit Breakers
- Basement Full
- Number of Stories 3Three Or More3
- Water Public
- Security Carbon Monoxide Detector(s)Fire AlarmFire EscapeFire Sprinkler SystemOtherSmoke Detector(s)
- Utilities Cable AvailableElectricity AvailableNatural Gas AvailableNatural Gas ConnectedWater ConnectedSewer ConnectedWater Available
- Foundation CombinationPillar/ Post/ PierSlab
- Zoning R-2
Interior Features
- Cooling Attic FanNoneItem1 UnitWindow Units
- Heating CentralCommonGasSteamZoned
- Furnished? Unfurnished
- Laundry Features Common Area
Exterior Features
- Lot Historic District
- Road Frontage City StreetState Road
Community Features
- Association Dues 0
- Community Features GolfHighway AccessNear HospitalNear SchoolsPublic TransportationRecreation AreaRestaurantShoppingSidewalks
- Security Features Carbon Monoxide Detector(s)Fire AlarmFire EscapeFire Sprinkler SystemOtherSmoke Detector(s)