Discover an outstanding investment opportunity at 5 Lee St, a legally conforming three-family residence located in Federal Hill. This is clean and well-maintained three-family home, officially updated with a recently obtained certificate of occupancy (CO) for legal conformance. The building features three well-sized two-bedroom units and currently has below market rents, presenting significant potential for immediate rental growth and maximizing your return on investment. The property is up to date with lead conformance with all lead certificates being up to date. All tenants are long-term residents and are currently on month-to-month contracts. The property is ideally situated just steps from the popular shops and renowned restaurants that Atwells Ave, Broadway, and Federal Hill have to offer, making it a popular destination for qualified tenants.
| Location | |
|---|---|
| City/Town | Providence |
| County | Providence |
| Community Features | Bus, Commuter Bus, Highway Access, Hospital, Interstate, Private School, Public School, Recreational Facilities, Restaurants, Schools, Shopping |
| Interior | |
|---|---|
| Living Area | 2,679 sq. ft. |
| Rooms | 15 |
| Heating | Natural Gas, Baseboard |
| Cooling | Window Unit(s) |
| Interior Features | Wall (Dry Wall), Plumbing (Mixed), Insulation (Unknown) |
| Additional Information | |
|---|---|
| Tax Assessment | $564,100 |
| Exterior | |
|---|---|
| Acreage | 0.0468 |
Information is deemed reliable but is not guaranteed.
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