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47 Sheldon Street, Providence
$1,495,000
8 Beds ⋅ 4 Baths
Ideally located in the highly desirable College Hill neighborhood, 47 Sheldon Street presents a compelling investment opportunity combining established rental income of $12,300 per month, substantial development potential, and proximity to some of the city's strongest rental demand drivers including Brown University, RISD, Wickenden Street, and major hospital centers. The 1st floor offers a 3 bed unit and a 1 bed unit. The 2nd floor currently has 2 separate apartments which share utilities and could easily be merged into a large 4 or 5 bed, 2 bath unit. This property has benefited from numerous recent improvements, including fresh exterior paint, replacement windows, updated exterior finishes, and upgraded mechanical systems. Significant additional value and rental income may be unlocked through the potential development for additional finished living or studio space across 3 distinct areas: attic (900 sq ft), basement (1200 sq ft), and detached garage (300 sq ft). The property's location further strengthens its investment profile. The colleges provide consistent student and academic housing demand, while proximity to the area's hospitals, downtown Providence, and major employment centers broadens the potential tenant pool to include medical professionals, researchers, and others. With a 2027 rent roll of $147,600, a prime College Hill location, and 2,400 sq ft of potential expansion, this property offers an outstanding combination of immediate income and long-term upside.

47 Sheldon Street, Providence

Listing courtesy of Residential Properties Ltd.. Contact:

25 Sessions Street, Providence
$1,100,000
7 Beds ⋅ 3 Baths
**Completely Renovated East Side Multi-Family Prime Brown University Location! ** Welcome to 25 Sessions Street, located in the heart of Providence's highly desirable East Side, just steps from Brown Stadium and minutes from Brown, Blackstone Boulevard, Thayer Street, and downtown Providence. This turnkey property offers over 3,900 square feet of thoughtfully updated living space, making it an outstanding opportunity for investors or owner-occupants alike. The spacious first-floor apartment features two bedrooms, a dedicated mud room/office space, and an expansive double living room highlighted by soaring 9-foot ceilings. The second-floor unit offers a similar layout with three bedrooms and a double living room, while the third-floor apartment provides two bedrooms and an inviting, functional floor plan. Extensive renovations provide peace of mind for years to come. Major mechanical updates include three updated boilers (one brand new and the others less than ten years old), three updated water heaters, a brand-new 200-amp three-meter electrical service with surge protection, three new 100-amp electrical panels, all new plumbing and water lines, a new copper water service, and a new PVC main stack. Each apartment has been tastefully remodeled with brand-new kitchens featuring quartz countertops, stainless steel appliances, updated bathrooms with new vanities, toilets, and fixtures, along with fresh paint, new plaster, updated flooring, and modern lighting throughout.

25 Sessions Street, Providence

Listing courtesy of Westcott Properties. Contact:

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