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103 Gray St
Providence, RI 02909
Multifamily Property For Sale
·
5 Units
PROPERTY FACTS
| No. Units | 5 | Building Size | 5,925 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1930/2010 |
| Building Class | C | Parking Ratio | 2.03/1,000 SF |
| Lot Size | 0.24 AC | ||
| Zoning | R2 | ||
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 5,925 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1930/2010 |
| Parking Ratio | 2.03/1,000 SF |
| Zoning | R2 |
AMENITIES
UNIT AMENITIES
- Tile Floors
- Eat-in Kitchen
- Kitchen
- Refrigerator
- Range
- Carpet
- Basement
- Double Pane Windows
- Family Room
- Lawn
- Vinyl Flooring
SITE AMENITIES
- Fenced Lot
- Laundry Facilities
ABOUT 103 GRAY ST , PROVIDENCE, RI 02909
Rarely does a multi-family property appear on the market FULLY RENOVATED from the inside out. This 5/6 unit property was renovated in 2010 from basement to roof. Gutted to the studs, the owner installed new framing where necessary, wiring, plumbing, fire alarm, hi-efficiency heating, on-demand hot water, insulation, and entirely new interior finishes in all the units. This property is TURN-KEY. Fully rented with lots of off street parking located in a residential neighborhood. Can be an excellent owner occupied opportunity or for an investor who wants a turn-key investment that does not require any additional improvements. Building includes natural gas and city water along with coin-op laundry in the basement. Property also includes a 4 bay garage currently used by the present owner but could provide additional income. Proforma includes expected income from the garages. Property has Lead Free Certificates. Landlord pays heat, hot water, sewer, taxes, insurance. Tenants pay electricity and internet/cable services. Interior finishes: VCT floors in kitchen and bathrooms, carpeting in living room and bedrooms. Showings will be limited to one typical unit and common areas.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 5 | - | - |
PROPERTY TAXES
| Parcel Number | PROV-950261-000000-000000 | Improvements Assessment | $730,900 |
| Land Assessment | $138,300 | Total Assessment | $869,200 |
PROPERTY TAXES
