21 Whitehall St Whitehall StProvidence, RI 02909

Property Details for 21 Whitehall St Whitehall St

Year built

1900

Property type

Residential income properties

Property subtype

Other land

Description

This exceptional investment opportunity presents a rare chance to acquire a 5,174 square foot commercial and residential land parcel in the heart of Providence, Rhode Island. The property, located at 21-23 Whitehall Street, zip code 02909, consists of two buildings constructed in 1900. The site offers significant potential for redevelopment or continued operation as a multi-family property. Currently, the property includes seven units, comprising six one-bedroom, one-bathroom units and one two-bedroom, one-bathroom unit. Recent improvements include new roofs, mechanical systems, and a fire suppression system. The property boasts a strong cap rate of 8.80% and is listed at $710,000. Its central Providence location provides easy access to major highways and amenities, making it highly attractive to tenants. Tenants are responsible for their own utilities. This turnkey property offers a compelling opportunity for passive income and future appreciation, presenting a low-maintenance, high-return investment. The property's layout and location contribute to its strong value proposition. This is an ideal investment for those seeking a hassle-free, high-yield property with significant upside potential.

Location Insight

City

Providence

County

Providence

State

Rhode Island

Latitude

41.8122

Longitude

-71.4462

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