264 Bowen ST Active Save Request In-Person Tour Request Virtual Tour
Providence,RI 02906
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 4,570 sqft
Price per Sqft $448
Subdivision College Hill
MLS Listing ID 1391984
Maintenance Fees $4,500
Year Built 1890
Annual Tax Amount $25,116
Tax Year 2025
Lot Size 6,534 Sqft
Property Sub-Type Commercial
Property 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.
Location
State RI
County Providence
Community College Hill
Interior
Heating Central,Gas
Cooling 1 Unit,Central Air
Laundry Common Area,Laundry Room
Exterior
Pool Community,Indoor
Community Features Business Center,Clubhouse,Highway Access,Maintenance On-Site,Near Hospital,Near Schools,Playground,Pool,Public Transportation,Recreation Area,Restaurant,Shopping,Sidewalks,Tennis Court(s),Trails/Paths,Street Lights
Utilities Available Cable Available,Electricity Available,Natural Gas Available,Natural Gas Connected,Municipal Utilities,Water Connected,Sewer Connected
Amenities Available Business Center,Indoor Pool,Maintenance,Playground,Pool,Recreation Facilities,Restaurant,Recreation Room,Tennis Court(s),Trail(s)
Building
Lot Description Historic District
Story 3
Foundation Stone
Sewer Connected,Storm Sewer
Water Connected,Public
New Construction No