A RARE PROVIDENCE VALUE-ADD WITH BONUS BUILDABLE LOT. Well-kept 6-unit (legal 5) property in Providenceâs 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.
| Location | |
|---|---|
| City/Town | Providence |
| County | Providence |
| Community Features | Bus, Commuter Bus, Highway Access, Hospital, Interstate, Public School, Restaurants, Schools, Shopping |
| Interior | |
|---|---|
| Living Area | 3,550 sq. ft. |
| Heating | Baseboard, Forced Air, Space Heater |
| Additional Information | |
|---|---|
| Tax Assessment | $698,600 |
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