38 Mawney Street , Providence, RI 02907
Providence, RI 02907
Description
Investment Opportunity! Here's your chance to add to your portfolio or begin your investment journey. Originally the Edwin Turner mansion, this 1880 Italianate is an 8 unit building in the heart of historic Elmwood. The property is a mix of studio apartments, 2 room efficiencies and one bedroom units - each unit with its own mini-split system for heat and A/C. There is a third floor that has roughed rooms but has never been developed. This could be an opportunity to add an ADU. And then there's the land, and there's a lot of it. With an over 16,000 sq ft lot the new owner has potential to work with the City to explore future development. The property has long term tenants with 6 on a month to month lease and 2 on a yearly rotation. Please reach out to the listing agent for additional information. All showings will be arranged as group showings for ease to the tenants. This is one to see!
Details
| MLS# | 1374743 |
|---|---|
| Listing Type | For Sale |
| Style | Commercial |
| Sub-Type | Resale |
| Status | Active |
| Year | 1900 |
| Days On Site | 125 |
| Listing Provided By | Domain Properties | Pam Hanson Carbone |
Features
| SQ Feet | 3,470 |
|---|---|
| Basement | Y |
| Story(s) | 2 |
| Building(s) | 1 |
| Zoning | R3 |
| Acreage | 0.38 |
Market Activity 02907
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Learn More About This Property
| State | RI |
|---|---|
| County | Providence |
| City | Providence |
| Zip Code | 02907 |
| Area | Providence |
| Community Name | Elmwood |
| Listing VS Median (In Elmwood) | |
Price: $875,000 low | high Med: $849,900 SqFt: 3,470 low | high Med: 3,150 $ / SqFt: $252 low | high Med: $270 On site: 125 low | high Med: 57.000000 | |