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Julia Harpin

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  • RI RealTimeMLS

  • MarketStatus = OnMarket MarketStatus (value) = 0 ExpirationDate = HoursToExpiry =

    86 Putnam Street, Providence, RI, USA, 02909

    • Posted: 6/9/2018 5:02:54 PM
    • -

    2954

    sqft (approx)

    MLS ID#: 1188192

    Neighborhood: Olneyville

    $194,000 USD

    Great for owner occupant or investor! Real estate taxes are only $1,882 with homestead exemption. Charming two family home with detached over sized 4 bay garage situated on fenced paved lot offering plenty of parking. This beautiful two family home in convenient location has many updates featuring newer roof, exterior paint, and more! Make it your own with some cosmetic work still needed; each unit offers two beds, living room, eat in kitchen, pantry and one bath in each unit, finished attic offering additional living area or storage. Separate utilities and gas heating systems and laundry hookups in full basement with walkout access. In addition to the heating systems there is on the first floor a gas on gas heating stove as well. Call today to schedule a showing! Investor information: Capitalization rate of 10% based on estimated net operating income of approximately $20,400 yearly. This assumes proposed rents of $900 a month each unit with tenant paying heat, hot water, and electric and garage rented for a total of $400 monthly and the expenses factored in for real estate taxes (without homestead exemption), approximate amounts used for homeowners insurance, water, and sewer. Rents are only estimates based on market information.