114 Jenkins Street 116, Providence, RI 02906

Property Description

Attention all Investors and Buyers seeking to maximize cash flow! 114 Jenkins is located on the first floor and is a lovely, traditional year-long rental space that includes 3 bedrooms and 1 bathroom. 116 Jenkins comprises the second and third floor offering 6 bedrooms and 2.5 bathrooms and is configured for co-living with multiple occupants under one master lease. Additional income is generated from the coin operated laundry room and ample parking area (2 spaces adjacent to the building and 4 deeded spaces that convey located in a nearby parking area). Both units are turnkey and the entire building has been impeccably maintained. Both units have current lead-safe certificates. Close to RISD, Brown and Miriam Hospital as well as shops, cafes and Whole Foods. Rock solid Cap Rate of 7% and over $90,000 in annual gross rental income makes this charming duplex a great addition to any savvy investor's portfolio.