67 Ridge St, Providence, RI 02909
- $1,500,000
- 11
- BD
- 6
- BA
- 5,653
- SqFt
- List Price
- $1,500,000
- Status
- NEW
- MLS#
- 73578837
- Bedrooms
- 11
- Bathrooms
- 6
- Full Baths
- 6
- Living Area
- 5,653
- Lot Size (Acres)
- 0.2
- Year Built
- 1953
Property Description
Former convent with maintenance-free brick exterior, reimagined into a documented income-producing property across three floors. Eleven bedrooms and six baths span a layout built for shared occupancy: each floor centers on a common area, with an ensuite plus additional bedrooms sharing a bath and kitchen. That structure suits group home operators, sober-living or transitional housing, student housing, and institutional buyers, as well as conventional investors. A finished lower level adds five rooms, a bath, and coin-op laundry — future expansion potential once brought into egress compliance, not part of the current bedroom count.**Documented annual income runs $174,960, spanning long-term tenancy and an active Airbnb/Cloudbeds short-term rental operation. Sold fully furnished, running near a 7.5% cap rate at the current ask.**Heart of Federal Hill, walking distance to Atwells Avenue's dining and shops, ample parking, close to downtown Providence and the train.
Additional Information
- Taxes
- $14,948
- Parking Description
- Paved Drive
- Water
- Public
- Sewer
- Public Sewer
Mortgage Calculator
Listing courtesy of Listing Agent: Joy Riley from Listing Office: Westcott Properties.
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