23 Whitehall Providence RI 02909
23 Whitehall Providence RI 02909
23 Whitehall Providence RI 02909
23 Whitehall Providence RI 02909
23 Whitehall Providence RI 02909
23 Whitehall Providence RI 02909
23 Whitehall Providence RI 02909
23 Whitehall Providence RI 02909

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Turnkey 7-unit compound with significant upside in a strong Providence rental market. The asset consists of a 6-unit main building featuring (6) one-bed, one-bath units with gas baseboard heat, plus a detached ~989 SF cottage offering a 2-bed, 1-bath layout with electric baseboard heat. Ownership has completed all major capital improvements, including upgraded boilers and hot water systems, minimizing near-term capex. The property is professionally managed and benefits from tenant-paid utilities, creating an efficient and predictable expense structure. Off-street parking adds to tenant appeal and retention. Current gross income is $98,448, with a pro forma of $111,600, driven by below-market rents, presenting a clear and immediate value-add opportunity. This is a stabilized, income-producing asset with operational upside-ideal for investors seeking strong in-place cash flow with the ability to increase yield through rent growth.

Property Details of 23 Whitehall

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Listed by Donald Martone, BOND BROKERAGE

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