Unit Information
A RARE PROVIDENCE VALUE-ADD WITH BONUS DEVELOPMENT POTENTIAL. Well-kept 6-unit (legal 5) property in Providence’s Charles neighborhood offering strong current income with substantial upside still on the table. Below-market month-to-month rents create immediate opportunity for increased rents, while basic interior renovations offer additional value-add potential. Major capital improvements have already been handled, including a 2-year-old roof, majority newer windows, multiple newer water heaters, foundation repairs, and vinyl siding. The property also offers ample rear parking on a separate, buildable lot, creating rare future development potential beyond the existing asset. Strong infrastructure, flexible tenancy, and multiple paths to increased returns make 513 Charles Street a compelling investment from day one.
- Additional Details
- Status: NEW
- Type: Multi-Family, Multi Family
- Zip Code: 02904
- Levels: 3
- Parking
- Garage Capacity: 12
- Parking: Paved,Off Street
- Parking Spaces: 12
- Rooms and Dimensions
- Total Units: 6
- Total Floors: 3
- Total Rooms: 24
- Has Basement: Yes
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$999,000
- Status: New
- Listing ID: 73521978
- Bedrooms: 10
- Full Baths: 6
- Living Area: 3,550 sqft Convert
- Lot Size: 4,792 sqft Convert
- Acres: 0.11
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Luxury Residential Group
(617) 233-5800
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LRG Luxury Residential Group | 355 Boylston St, Boston MA 02116 | (617) 233-5800 | |