171-173 PROSPECT ST &

71-73 Olney St

Providence, RI 02906 View Property Photos


171-173 Prospect/71-73 Olney is a residential apartment investment opportunity like no other the East Side of Providence has ever seen. These two three-family apartment homes are located at the corner of Prospect and Olney streets, in the heart of College Hill with easy access to amenities like Whole Foods, Starbucks, and the shops at University Heights. These apartments are close to everything, offering comfortable, suburban living while maintaining quick entry to downtown and the commuter rail. The two properties, comprising 9,500 sqft, 30 bedrooms, 14 bathrooms and 8 parking spaces, were developed with the Brown University, RISD and Johnson & Wales (all within 1/2 to 1 mile away) higher-end student market in mind. Gutted to the studs, each unit has new electrical, new plumbing, new HVAC (heating and central A/C), fire safety sprinklers and alarm systems. The interiors offer granite/stainless kitchens, ceramic tile bathrooms, modern appliances, designer color schemes and refinished wood flooring. Each unit also comes fully furnished. Rented by the bedroom, each contains queen-sized bed, dresser, night-stand, desk and chair. Common spaces have club chairs, couches, coffee tables, end tables, 55" flatscreen TV and full dining room sets. This is a fully turnkey investment. With over $350,000 in gross income, this is smart money for the savvy investor.

List Price $3,750,000
Bedrooms 30
Bathrooms 14
Location College Hill, East Side
Year Built 1920
Property Type Residential
MLS # 1295486
View Property Photos
The Blackstone Team

The Blackstone Team

(401) 214-1524

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