196 Waterman St Providence, RI 02906
Listing Courtesy of:RHODE ISLAND / Mott & Chace Sotheby's International Realty / The Blackstone Team
$895,000
4
BED
4
BATH
5,584
SQFT

  196 Waterman St Providence, RI 02906

Active Under Contract (30 Days)

Description

196 Waterman on the East Side of Providence, located in the Wayland Square neighborhood, is a four-unit building, currently housing a real estate company on the first floor, two psychiatry offices on the second floor and a two-bedroom residential apartment on the third floor. Gross rents equal $86,000 annually. (NOTE: The property is legally zoned for four residential apartments). Fully restored inside and out in 2006, this is a stunning example of turn-of-the-century architecture. The first floor has its own heating and cooling system, and the second and third floors share a system. Every unit has air-conditioning. All heating, cooling and hot water is included in the rents because there is one gas meter, but could be easily separated. All units are already separately metered for electric. There are five off-street parking spaces. All a short walk to shops, restaurants and cafes. Zero vacancy rate. A prize to own for the years to come.

MLS #:
1308572
Taxes
$20,383(2021)
Lot Size
5,227 SQFT
Type
Multifamily
Year Built
1900
Style
Up/Down
County
Providence County
Community
Wayland
Bathroom Details
  • Full Bathrooms: 3
  • Half Bathroom: 1
Interior Features
  • Stairs
Lot Information
  • Sidewalks
  • Paved Lot
  • Paved Driveway
Property Features
  • Fireplace: Brick
  • Foundation: Mixed
Heating and Cooling
  • Forced Air
  • Central Air
Basement Information
  • Full
Flooring
  • Wall to Wall Carpet
  • Vinyl
  • Hardwood
Exterior Features
  • Shingles
Utility Information
  • Sewer: Public, Connected
  • Fuel: Gas
Garage
  • None
Parking
  • 5
Living Area
  • 5,584 sqft
Location
   
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