241 Pocasset Avenue, Providence, RI 02919

$1,599,999

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List Price
$1,599,999
Price Change
▼ $100,000 1782258171
MLS#
1409537
Status
ACTIVE
Type
Commercial
City
Providence
County
Providence
Year Built
2024

Property Description

Turnkey, high-yield 8-unit new construction investment ready for immediate cash flow. Nearing completion and already in the process of securing tenants, this asset eliminates lease-up risk and positions the next owner for instant income. Featuring a desirable mix of 1-bedroom and 2-bedroom units, the property caters to strong rental demand. A valuable 5-year tax stabilization agreement is in place, with taxes starting at just 20% in Year 1 and 40% in Year 2 dramatically boosting early returns and investor ROI. Priced at $1,750,000, this is an exceptional opportunity for a savvy investor to acquire a low-maintenance, income-producing asset with significant financial advantages and long-term appreciation potential.

Additional Information

Sewer
Connected
Community Features
Sidewalks

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Listing courtesy of Innovations Realty. Contact:

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