Providence, RI 02904 65 Russo Street
$660,000
Pending
10 more
Presented By:
Home Details
Welcome to 65 Russo Street, a prime investment opportunity in a high-demand rental area. This fully occupied 6-unit residential building features all 2-bedroom, 1-bathroom units, generating over $8,000 in monthly rental income with solid long-term tenants in place. The property offers immediate cash flow and significant upside potential through value-add improvements and rental rate increases. Additionally, there is an exclusive opportunity to purchase an adjacent vacant lot ideal for future development or added amenities (inquire for more details). Whether you're looking to expand your portfolio or enter a stable rental market with growth potential, 65 Russo Street checks all the boxes. Don't miss this chance to acquire a performing asset with room to scale. Can also be sold as a package with 21 Russo St.
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General for 65 Russo Street
Additional Parcels Y/NNo
Attached Garage No
Carport Y/NNo
CityProvidence
CoolingNone
CountyProvidence
ElectricAmps200OrMore
Electric On Property Y/NNo
Garage Y/NNo
Gross Income96600.0
HOANo
HeatingHotWater
Home Warranty Y/NNo
Insurance Expense4850.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsThreeOrMore
Lot Size Square Feet4356.0
Lot Size UnitsSquareFeet
MobileHomeRemainsYNNo
Net Operating Income63313.0
New ConstructionNo
Number Of Units Total0
Number of Units Leased6
Operating Expense33287.0
OwnerPaysCommonAreaMaintenance, ExteriorMaintenance, GroundsCare, Insurance, PestControl, Repairs, SnowRemoval, Sewer, Taxes, TrashCollection, Water
Property Attached Y/NNo
Property SubtypeCommercial
Property TypeCommercialSale
Rent Control Y/NNo
Senior Community Y/NNo
SewerConnected
Standard StatusActive
StatusActive
Stories3
Structure TypeApartment
Tax Annual Amount22337.0
Tax Assessed Value636400
Tax Lot329
Tax Year2024
Tenant PaysElectricity, Gas
UtilitiesNaturalGasConnected, SewerConnected
Virtual TourClick here
Water Sewer Expense3600.0
Year Built1910
Interior for 65 Russo Street
Air Conditioning Y/NNo
BasementFull
Basement (Y/N)Yes
Fireplace Y/NNo
Heating Y/NYes
Total Baths0
Total Stories3
Exterior for 65 Russo Street
Crops Included Y/NNo
Foundation DetailsCombination
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Area4356.0
Number of Buildings1
Open Parking Y/NNo
Road Surface TypeAsphalt
SpaNo
Total Parking0.0
Water SourceConnected
Waterfront Y/NNo
Additional Details
Price History
Chelsea Robinson
Agent