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264 Bowen Street
264 Bowen Street
264 Bowen Street
264 Bowen Street
264 Bowen Street
264 Bowen Street
264 Bowen Street
264 Bowen Street
264 Bowen Street
264 Bowen Street
264 Bowen Street
264 Bowen Street
264 Bowen Street
264 Bowen Street
264 Bowen Street
264 Bowen Street
264 Bowen Street
264 Bowen Street
264 Bowen Street
264 Bowen Street
264 Bowen Street
264 Bowen Street
264 Bowen Street
264 Bowen Street
264 Bowen Street
264 Bowen Street
264 Bowen Street
264 Bowen Street
264 Bowen Street
264 Bowen Street
264 Bowen Street
264 Bowen Street
264 Bowen Street
264 Bowen Street
264 Bowen Street
264 Bowen Street
264 Bowen Street
264 Bowen Street
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$2,050,000

264 Bowen Street

4,570 Sq.Ft.

Description

Turn-Key College Hill Gem- 5 Apartments and 2 Office spaces with Strong Rental History. Discover a rare investment opportunity in the heart of Providence's vibrant College Hill, directly across from Brown University's athlectic complex! This meticulously maintianed property, renovated and managed by an owner/carpenter, features Five one bedroom apartments and two office spaces, offering immediate income and growth potential. Five Modern Apartments: Each one bed unit boasts granite and stainless kitchens, gleaming hardwood floors central Hvac and access to coin-op laundry.Kept in pristine condition, these apartments have been consistently rented for 12 years to Brown University post grad/allumni with below market rents offering significant upside for future increases. Turn-Key and tailored for quick turnover, these units are ideal for investors or owner- occupants seeking a premium living space. Stable and Flexible Commercial spaces: The main office space is secured by a five-year lease with a reliable long term tenant (12 years and counting)featuring built-in rent increases for steady income. A smaller unoccupied office offers versatility-perfect for a new tenant or for an owner's personal use. Prime Location: Situated in the heart of College Hill, steps from Brown University and local amenities, this property benifits from high demand due to its walkabilty and proximity to campus and medical facilities.The Location ensures strong tenant interest and excellent visibility.

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Location

264 Bowen Street, Providence, RI 02906

Status

For Sale
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We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.

Schedule a Showing

We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.
Thank you for your interest in 264 Bowen Street, Providence, RI 02906. We are reviewing your request and will be in touch shortly!
John  McCarthy

John McCarthy

TITLE

Sales Associate and Realtor®

Property Amenities

Interior
Laundry room Common Area, Laundry Room
Area & Lot
Lot Area 6,534 Sq.Ft.
Living area 4,570 Sq.Ft.
MLS® ID 1391984
Year Built 1890
Type Commercial
Status For Sale
Exterior
Stories 3
Pool Community, Indoor
Air conditioning 1 Unit, Central Air
Heat type Central, Gas
Water Source Connected, Public
Security Features Building Security, Carbon Monoxide Detector(s), Fire Alarm, Smoke Detector(s), Security Lights
Sewer Connected, Storm Sewer
Lot Features Historic District
Utilities Cable Available, Electricity Available, Natural Gas Available, Natural Gas Connected, Municipal Utilities, Water Connected, Sewer Connected
Finance
Sales Price $2,050,000
Maintenance Fee $4,500 monthly
Real Estate Tax $25,116 yearly

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