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171 - 173 Prospect,71-73 Olney ST, College Hill,East SideProvidence, RI 02906MLS Number 1295486

  • Price: $3,750,000The price has recently decreased
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Price Down Payment Interest Rate Years
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Est. Mortgage: $/month

Federal 30-year interest rate: 3.45% last updated on 2022-01-13

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171 - 173 Prospect,71-73 Olney ST Providence RI 02906171 - 173 Prospect,71-73 Olney ST Providence RI 02906171 - 173 Prospect,71-73 Olney ST Providence RI 02906171 - 173 Prospect,71-73 Olney ST Providence RI 02906171 - 173 Prospect,71-73 Olney ST Providence RI 02906171 - 173 Prospect,71-73 Olney ST Providence RI 02906171 - 173 Prospect,71-73 Olney ST Providence RI 02906171 - 173 Prospect,71-73 Olney ST Providence RI 02906171 - 173 Prospect,71-73 Olney ST Providence RI 02906171 - 173 Prospect,71-73 Olney ST Providence RI 02906171 - 173 Prospect,71-73 Olney ST Providence RI 02906171 - 173 Prospect,71-73 Olney ST Providence RI 02906171 - 173 Prospect,71-73 Olney ST Providence RI 02906171 - 173 Prospect,71-73 Olney ST Providence RI 02906171 - 173 Prospect,71-73 Olney ST Providence RI 02906171 - 173 Prospect,71-73 Olney ST Providence RI 02906171 - 173 Prospect,71-73 Olney ST Providence RI 02906171 - 173 Prospect,71-73 Olney ST Providence RI 02906171 - 173 Prospect,71-73 Olney ST Providence RI 02906171 - 173 Prospect,71-73 Olney ST Providence RI 02906171 - 173 Prospect,71-73 Olney ST Providence RI 02906171 - 173 Prospect,71-73 Olney ST Providence RI 02906171 - 173 Prospect,71-73 Olney ST Providence RI 02906171 - 173 Prospect,71-73 Olney ST Providence RI 02906171 - 173 Prospect,71-73 Olney ST Providence RI 02906171 - 173 Prospect,71-73 Olney ST Providence RI 02906171 - 173 Prospect,71-73 Olney ST Providence RI 02906171 - 173 Prospect,71-73 Olney ST Providence RI 02906171 - 173 Prospect,71-73 Olney ST Providence RI 02906171 - 173 Prospect,71-73 Olney ST Providence RI 02906171 - 173 Prospect,71-73 Olney ST Providence RI 02906171 - 173 Prospect,71-73 Olney ST Providence RI 02906171 - 173 Prospect,71-73 Olney ST Providence RI 02906171 - 173 Prospect,71-73 Olney ST Providence RI 02906171 - 173 Prospect,71-73 Olney ST Providence RI 02906171 - 173 Prospect,71-73 Olney ST Providence RI 02906171 - 173 Prospect,71-73 Olney ST Providence RI 02906171 - 173 Prospect,71-73 Olney ST Providence RI 02906171 - 173 Prospect,71-73 Olney ST Providence RI 02906171 - 173 Prospect,71-73 Olney ST Providence RI 02906171 - 173 Prospect,71-73 Olney ST Providence RI 02906171 - 173 Prospect,71-73 Olney ST Providence RI 02906171 - 173 Prospect,71-73 Olney ST Providence RI 02906
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  • 1920Year Built
  • 9400Square Feet
  • 8Parking Spaces
  • ActiveMlsStatus
171-173 Prospect/71-73 Olney is a residential apartment investment opportunity like no other the East Side of Providence has ever seen. These two three-family apartment homes are located at the corner of Prospect and Olney streets, in the heart of College Hill with easy access to amenities like Whole Foods, Starbucks, and the shops at University Heights. These apartments are close to everything, offering comfortable, suburban living while maintaining quick entry to downtown and the commuter rail. The two properties, comprising 9,500 sqft, 30 bedrooms, 14 bathrooms and 8 parking spaces, were developed with the Brown University, RISD and Johnson & Wales (all within 1/2 to 1 mile away) higher-end student market in mind. Gutted to the studs, each unit has new electrical, new plumbing, new HVAC (heating and central A/C), fire safety sprinklers and alarm systems. The interiors offer granite/stainless kitchens, ceramic tile bathrooms, modern appliances, designer color schemes and refinished wood flooring. Each unit also comes fully furnished. Rented by the bedroom, each contains queen-sized bed, dresser, night-stand, desk and chair. Common spaces have club chairs, couches, coffee tables, end tables, 55" flatscreen TV and full dining room sets. This is a fully turnkey investment. With over $350,000 in gross income, this is smart money for the savvy investor.
Listed by The Blackstone Team of Mott & Chace Sotheby's Intl.

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More Info

Parking

  • Parking Spaces8

Building

  • Year Built1920
  • TypeResidential
  • Under ConstructionNo
  • Total Units6
  • Square Feet9400
  • Loading DoorNone
  • Number Of Buildings2

Property

  • Approx Lot Square Foot7839
  • SiteCorner, Sidewalks
  • RoadMunicipal, Sidewalks

Other

  • Broker IDMOCH04

Basic Information

  • Virtual TourView Tour
  • Property TypeCommercial/Business
  • List Price$3,750,000
  • Listing Agent NameThe Blackstone Team
  • Broker NameMott & Chace Sotheby's Intl.
  • MLS Number1295486
  • MlsStatusActive

Utilities

  • UtilitiesElectric, Gas Connected, Municipal Water, Street Lights
  • Owner PaysCommon Area Maintenance, Exterior Maintenance, Grounds Care, Repairs, Roof Maintenance, Sewer, Taxes, Trash Services
  • Electric200 Amps
  • SewerPublic Connected

Location

  • Address171 - 173 Prospect,71-73 Olney ST
  • IDX Address DisplayYes
  • TownProvidence
  • StateRI
  • Zip02906
  • County IDProvidence
  • NeighborhoodCollege Hill, East Side
  • NearBus, Commuter Bus, Highway Access, Hospital, Interstate, Private School, Public School, Railroad, Recreational Facilities, Schools, Shopping

Amenities

  • CoolingCentral Air
  • Other AmenitiesBasement, Fireplace

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