15 Emmett Street 17, Providence, RI 02903

$1,999,999

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List Price
$1,999,999
MLS#
1405381
Status
ACTIVE
Type
Commercial
City
Providence
County
Providence
Year Built
1904

Property Description

Two 3 units with an extra lot! Point, Emmet and Beacon St! Opportunity to acquire a multi-parcel assemblage offering strong in-place income with substantial development upside. Individually stable and collectively powerful, this portfolio presents both immediate cash flow and long-term density potential. Highlights: 278 Point Street: 3-family, fully rented, ~$5,600/month income; right to add 3 additional units by right (no variances) 3,088 SF Land 7,522 SF 15 17 Emmett Street: 3-family, fully rented, ~$4,200/month income; right to add 1 additional unit by right 3,007.5 SF Land 4,190 SF Beacon Street: Development potential for 1 2 additional units Strong existing cash flow while pursuing expansion Assemblage potential to support a redevelopment exceeding 28+ residential units (subject to planning & zoning review) Ideal for investors or developers seeking stabilized income with significant future build-out opportunity.

Additional Information

Sewer
Connected

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Listing courtesy of RE/MAX Revolution. Contact: 401-523-9555

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