241 Pocasset Ave, Providence, RI 02919

Beds
11
Baths
8
Sqft
5,535

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Listed byInnovations Realty
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Overview

Turnkey, high-yield 8-unit new construction investment ready for immediate cash flow. Nearing completion and already in the process of securing tenants, this asset eliminates lease-up risk and positions the next owner for instant income. Featuring a desirable mix of 1-bedroom and 2-bedroom units, the property caters to strong rental demand. A valuable 5-year tax stabilization agreement is in place, with taxes starting at just 20% in Year 1 and 40% in Year 2 dramatically boosting early returns and investor ROI. Priced at $1,750,000, this is an exceptional opportunity for a savvy investor to acquire a low-maintenance, income-producing asset with significant financial advantages and long-term appreciation potential.

Location

Full feature list

Basic info

Property type
Multi-family
Number of bedrooms
11
Number of bathrooms
8
Square feet
5,535
Lot size (acres)
0.06
Year built
2024

Interior features

Basement
Yes, Finished

Utilities

Heating
Natural Gas
Cooling
Central Air
Water
Public Water

Public schools

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Sourced from: StateWide MLS MLS®#: 1409780 Last checked:

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