241 Pocasset, Providence, RI, 02919

Turnkey, high-yield 8-unit new construction investment ready for immediate cash flow. Nearing completion and already in the process of securing tenants, this asset eliminates lease-up risk and positions the next owner for instant income. Featuring a desirable mix of 1-bedroom and 2-bedroom units, the property caters to strong rental demand. A valuable 5-year tax stabilization agreement is in place, with taxes starting at just 20% in Year 1 and 40% in Year 2—dramatically boosting early returns and investor ROI. Priced at $1,750,000, this is an exceptional opportunity for a savvy investor to acquire a low-maintenance, income-producing asset with significant financial advantages and long-term appreciation potential.

Residential Income
$1,750,000
Location
City/TownProvidence
CountyProvidence
Interior
Living Area5,535 sq. ft.
Rooms16
HeatingNatural Gas, Central Air
CoolingCentral Air
Additional Information
Tax Assessment$252,100
Exterior
Acreage0.0579
Listed By: Innovations Realty

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