44 Sycamore StProvidence, RI 02909

Property Details for 44 Sycamore St

Year built

1900

Property type

Land

Description

This exceptional investment opportunity presents a meticulously maintained, five-unit multifamily building situated on a 5,014 square foot lot at 44 Sycamore Street in Providence, Rhode Island's desirable Armory District. Built in 1900, this charming Mansard-style Victorian boasts a slate roof and has undergone significant renovations. Improvements include updated kitchens and bathrooms, new heating systems, central air conditioning, and solar panels on the third floor. Safety features include a hardwired smoke detector system. Recent upgrades also encompass a new roof (2019), new storm windows (2022), and new windows (2023). The building comprises four one-bedroom units and one three-bedroom unit, each featuring high ceilings, wide-plank hardwood floors, abundant natural light, and distinct character. Residents enjoy off-street parking for six cars, with two spaces housed in a secure garage accessible via remote control. Currently generating over $9,300 in monthly rent, this property offers a compelling return on investment. Its prime location provides easy access to downtown Providence, major highways, and the vibrant amenities of the West Side. This property is ideal for both owner-occupants and investors seeking a stable, high-performing asset in a thriving urban neighborhood. The asking price is $1,249,900.

Location Insight

City

Providence

County

Providence

State

Rhode Island

Latitude

41.8147

Longitude

-71.4347

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