56 Ivy ST, Providence, RI 02906
56 Ivy ST, Providence, RI 02906
56 Ivy ST, Providence, RI 02906
56 Ivy ST, Providence, RI 02906
56 Ivy ST, Providence, RI 02906
56 Ivy ST, Providence, RI 02906
L&L Homes Team
L&L Homes Team

Licensed in MA, CA, RI | License ID: 9527841

+1(508) 649-5646

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$ 930,000

$ 1,029,000 9.6%

Est. payment | /mo

7 Beds

4 Baths

3,944 SqFt


$ 930,000

$ 1,029,000 9.6%

Est. payment | /mo

7 Beds

4 Baths

3,944 SqFt

Key Details

Sold Price $930,000

Property Type Multi-Family

Sub Type Multi Family

Listing Status Sold

Purchase Type For Sale

Square Footage 3,944 sqft

Price per Sqft $235

Subdivision East Side

MLS Listing ID 1405134

Style Stacked

Bedrooms 7

Full Baths 4

Year Built 1900

Annual Tax Amount $6,731

Tax Year 2025

Lot Size 5,662 Sqft

Property Sub-Type Multi Family

Property Description

Turnkey income producing 3 family investment! This well-maintained multi-family property offers strong income potential and long-term value. Major capital improvements already completed with a 2 1/2 yr old roof, and hard wired smoke detectors for code compliance. Each unit is spacious and thoughtfully designed with separate entrances, generous layouts, abundant natural light, and functional kitchens and living areas ideal for today's renters. In addition to the 3 units, there is also a first floor art studio with bath, and a second level office and flex space. The basement has plenty of storage, a workshop, and coin-op washer and dryer. The property also features a rare large, private fenced yard - an added bonus for tenants and owner occupied alike! Tenants enjoy convenient access to nearby shopping, dining, schools, and major transportation routes, making this a highly desirable location. Whether you're looking to expand your investment portfolio or live in one unit while generating rental income from the others, this property presents a rare and versatile opportunity. The current owners have primarily chosen mid-term monthly rentals that have included utilities however each unit is separately metered proving flexibility. Taxes are based on owner occupied rate. Owners will sell fully furnished if desired.

Location

State RI

County Providence

Community East Side

Interior

Heating Baseboard, Forced Air, Gas, Hydro Air, Steam

Cooling Window Unit(s)

Flooring Ceramic Tile, Hardwood

Fireplaces Type None

Laundry Common Area

Exterior

Fence Fenced

Community Features Golf, Highway Access, Marina, Near Hospital, Near Schools, Other, Pool, Public Transportation, Recreation Area, Restaurant, Shopping, See Remarks, Tennis Court(s)

Utilities Available Sewer Connected

Building

Foundation Brick/Mortar, Stone

Sewer Connected

Water Connected

Structure Type Plaster,Clapboard,Vinyl Siding

New Construction No

Listed by Mott & Chace Sotheby's Intl.
Bought with Residential Properties Ltd

NEARBY SCHOOL & BUSINESS

GO TOUR THIS HOME

56 Ivy ST

L&L Homes Team
L&L Homes Team

Licensed in MA, CA, RI | License ID: 9527841

+1(508) 649-5646 | info@llhomesteam.com

GET MORE INFORMATION

Name
Phone*
Message