About This Home
This 8-bedroom, 3-bathroom multi-family at 123 Laban Street in Providence, RI is listed for $675,000 ($291 per sqft). Built in 1900, the home offers 2,322 sqft of living space on a 0.10 acres lot.
Key Features
- Built in 1900
- 0.10 acre lot
- 3 stories
- 6 parking spaces
Property Details
Amenities
Welcome to 123 Laban Street. Ideal for investors seeking robust cash flow or owner-occupants looking to offset their mortgage in a highly competitive rental market. This multi-family has been meticulously maintained and upgraded by the current owner, ensuring low capital expenditures for years to come while leaving room to build equity.
The second and third floors are recently renovated and are currently generating strong market rents. The first floor offers opportunity for cosmetic updates that will force appreciation, and maximize the rent roll. The partially finished basement offers more usable space on the property.
Recent updates include new vinyl siding, new gutters, two new water tanks, a 6-camera surveillance system and a repaved driveway offering plenty of off street parking. The young roof was replaced by the previous owner in 2019. This one checks all the boxes!
Monthly Cost Estimate
$3,610/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
123 Laban Street
Providence, RI 02909
Silver Lake
Features & Amenities
Interior Features
Property Details
Flooring
Construction
Parking
Heating
Appliances
Questions & Answers
This 8-bedroom, 3-bathroom multi-family at 123 Laban Street is listed at $675,000 ($291/sqft). The estimated monthly payment is $3,610 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1900, 0.10 acre lot, 3 stories, 6 parking spaces. Interior Features: Wall (Dry Wall), Plumbing (Copper), Plumbing (PVC).
This property is listed by Elvis Santana and can be reached at (401) 300-0833.
