49 Pembroke Avenue 51, Providence, RI 02908

Property Description

Owner occupants and investors take note. Walking distance to Providence College. Massive brick and vinyl sided 3 unit with 1344 sf per floor plus huge walk-up attic space with expansion possibilities, 2 car garage and off-street parking. Each spacious 6 room unit offers living room, dining room, eat-in kitchen, pantry, 3 bedrooms, remodeled bathrooms, in-unit laundry and large covered porches. While the 1st floor is currently occupied, owner occupant buyers can choose from the purposely left vacant and move-in ready 2nd or 3rd floor units, the latter of which is freshly painted with just refinished solid hardwood floors throughout. Investors will appreciate the low maintenance exterior and ease of renting these desirable units with separate utilities in this sought after location near colleges, hospitals, commuter bus to downtown Providence and easy highway access. Estimated investor Cap rate 8% at market rents for all 3 units