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About This Home
This 6-bedroom, 3-bathroom multi-family at 5 Lee Street in Providence, RI is listed for $659,000. Built in 1920, on a 0.05 acres lot.
Discover an outstanding investment opportunity at 5 Lee St, a legally conforming three-family residence located in Federal Hill. This is clean and well-maintained three-family home, officially updated with a recently obtained certificate of occupancy (CO) for legal conformance.
The building features three well-sized two-bedroom units and currently has below market rents, presenting significant potential for immediate rental growth and maximizing your return on investment. The property is up to date with lead conformance with all lead certificates being up to date.
All tenants are long-term residents and are currently on month-to-month contracts. The property is ideally situated just steps from the popular shops and renowned restaurants that Atwells Ave, Broadway, and Federal Hill have to offer, making it a popular destination for qualified tenants.
Key Features
- Built in 1920
- 0.05 acre lot
- 3 stories
- 3 parking spaces
Property Details
Amenities
Monthly Cost Estimate
$3,524/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
5 Lee Street
Providence, RI 02903
Features & Amenities
Interior Features
Property Details
Flooring
Construction
Parking
Heating
Cooling
Appliances
Questions & Answers
This 6-bedroom, 3-bathroom multi-family at 5 Lee Street is listed at $659,000. The estimated monthly payment is $2,856 based on 20% down at 6.5% interest.
Key features include: Built in 1920, 0.05 acre lot, 3 stories, 3 parking spaces. Interior Features: Wall (Dry Wall), Plumbing (Mixed), Insulation (Unknown).
This property is listed by Nicola Francis and can be reached at (401) 354-7092 or Nicola@lenoxproperty.com.
