15-17 278 Emmett, Beacon And Point, Providence, RI 02903
- $1,600,000
- 15
- BD
- 6
- BA
- 3,008
- SqFt
- List Price
- $1,600,000
- Price Change
- ▼ $399,999 1787253305
- Status
- ACTIVE
- MLS#
- 73479686
- Bedrooms
- 15
- Bathrooms
- 6
- Full Baths
- 6
- Living Area
- 3,008
- Lot Size (Acres)
- 0.1
- Year Built
- 1904
Property Description
Opportunity to acquire a multi-parcel assemblage offering strong in-place income with substantial development upside. Individually stable and collectively powerful, this portfolio presents both immediate cash flow and long-term density potential.Highlights:278 Point Street: 3-family, fully rented, ~$5,600/month income; right to add 3 additional units by right (no variances) 3,088 SFLand 7,522 SF15–17 Emmett Street: 3-family, fully rented, ~$4,200/month income; right to add 1 additional unit by right3,007.5 SFLand 4,190 SFBeacon Street: Development potential for 1–2 additional unitsStrong existing cash flow while pursuing expansionAssemblage potential to support a redevelopment exceeding 28+ residential units (subject to planning & zoning review)Ideal for investors or developers seeking stabilized income with significant future build-out opportunity.
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Additional Information
- Taxes
- $7,066
- Lot Description
- Corner Lot
- Water
- Public
- Sewer
- Public Sewer
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Listing courtesy of Listing Agent: Michael Alves from Listing Office: Remax Revolution.
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