513 Charles Street Providence, RI 02904
Other
MLS #: 1413142
Courtesy Of Keller Williams Realty Leading Edge
Property InformationDescription
A RARE PROVIDENCE VALUE-ADD WITH BONUS BUILDABLE LOT. Well-kept 6-unit (legal 5) property in Providence's Charles neighborhood offering strong current income with substantial upside still on the table. Below-market month-to-month rents create immediate opportunity for increased rents, while basic interior renovations offer additional value-add potential. Major capital improvements have already been handled, including a 2-year-old roof, majority newer windows, multiple newer water heaters, foundation repairs, and vinyl siding. The property also offers ample rear parking on a separate, buildable lot, creating rare future development potential beyond the existing asset. Strong infrastructure, flexible tenancy, and multiple paths to increased returns make 513 Charles Street a compelling investment from day one.
Features
- Age: Over 50 Years Old
- Building Units: 6
- Floors: 3
- Heating System: Baseboard
- Heating System: Forced Air
- Heating System: Space Heater
- MLSID: 1413142
- Parking Spaces: 12
MAP & DIRECTIONS
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