New Listing - 04/21/2025
332 Hawkins Street, Providence, RI, 02904
1914
332 Hawkins is a high-income producing, six-unit property generating $10,570/month ($127K annually). Six 3-bedroom, 1-bath units each with separate electric & gas meters paid by tenants, and no trash removal costs resulting in low operating expenses. Many units were renovated with updated kitchens, bathrooms, flooring, and appliances. This asset offers both immediate cash flow and significant value-add potential. It's professionally managed, fully occupied with thoroughly vetted tenants, and has a strong history of high occupancy making it a stable and profitable investment. Updated plumbing & electrical, common areas redone. Best comparable sale is 29 Blaine St, Providence, which sold for $965k in July 2024. That property had only 2-bedroom units and a lower monthly rent roll of $8,800. Financials available upon request.
Status:
Active
Type:
Commercial
Units:
4
Heating:
Baseboard
Cooling:
None, Window Unit(s)
Basement:
Full
Acreage:
0.07
Est. Taxes:
$21,081
Assessment
$732,400
Construction
Frame
Utilities
Natural Gas Available,Natural Gas Connected,Sewer Connected
Amenities:
Golf, Highway Access, Near Hospital, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping, Tennis Court(s)
MLS #:
1382972
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of New England Apartment Group Phone: 508-330-0325