About This Home
This 0-bedroom, 0-bathroom commercial at 8 Somerset Street in Providence, RI is listed for $1,300,000. Built in 1853, on a 0.23 acres lot.
Key Features
- Built in 1853
- 0.23 acre lot
Property Details
Excellent investment opportunity in Providence! Expansive Lot! This well-maintained multi-family property features a total of 10 residential units, including nine 1-bedroom units and one 2-bedroom unit, providing a diverse rental mix and strong income-producing potential.
Currently generating rental income, this property is ideal for investors seeking a stable asset in a desirable location with long-term upside. The building has been well cared for and offers are very large lot for possible future potential. Conveniently located near the Silver Lake and West End neighborhoods, residents enjoy easy access to local restaurants, cafes, grocery stores, parks, and neighborhood services.
Minutes to Downtown Providence, offering dining, nightlife, entertainment, arts, and major employment centers. Easy access to Route 6, Route 10, Interstate 95, and Interstate 195. Close to Rhode Island Hospital, Hasbro Children's Hospital, educational institutions, public transportation, and approximately 15-20 minutes to T.F. Green Airport. A rare opportunity to acquire a strong income-producing asset in a prime Providence location.
Monthly Cost Estimate
$6,953/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
8 Somerset Street
Providence, RI 02907
Property Details
Construction
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 8 Somerset Street is listed at $1,300,000. The estimated monthly payment is $6,953 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1853, 0.23 acre lot.
This property is listed by Kyle Seyboth and can be reached at (508) 726-3492.
