28 Mercy Street

Providence, RI 02909

$849,000
Price
8
Beds
3
Baths
2,961 Sq. Ft.
$287 / Sq. Ft.
2,961
Sq. Ft.
$287
per Sq. Ft.

Description

Introducing a fantastic investment opportunity on the secluded and serene Mercy Street, Providence, RI, located in the convenient Silver Lake neighborhood. This meticulously maintained 3-family home is a true cash cow, offering three separate units, each with its own utilities, ensuring ease of management and tenant satisfaction. The property has been lovingly cared for and is move-in ready, reflecting a high standard of upkeep. With its attractive condition and prime location, this property is perfect...Introducing a fantastic investment opportunity on the secluded and serene Mercy Street, Providence, RI, located in the convenient Silver Lake neighborhood. This meticulously maintained 3-family home is a true cash cow, offering three separate units, each with its own utilities, ensuring ease of management and tenant satisfaction. The property has been lovingly cared for and is move-in ready, reflecting a high standard of upkeep. With its attractive condition and prime location, this property is perfect for investors looking for consistent rental income in a vibrant and accessible community. Don't miss out on this exceptional opportunity contact us today to learn more or to schedule a viewing! Motivated to move this investment.
  1. Listed by Rocco Q Quattrocchi • Realty Quarters
    P: (401)-258-8300 Rocco@rocco.realtor

Property Details for 28 Mercy Street

Subdivision Name
Silver Lake
LISTING UPDATED: 10/11/2024 12:22 AM

Property Details for 28 Mercy Street

StatusActive
MLS #1368120
Days on Market61
Taxes$5,833 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Multi Family
Year Built1920
Lot Size0.11 AC / 4,800 SF
CountyProvidence County

Building Information for 28 Mercy Street

Stories3Residences3Year Built1920Building Size-Lot Size0.11 AC / 4,800 SF

Property Information for 28 Mercy Street

Summary
Location and General Information
  • City: Providence
  • Postal City: Providence
  • Postal Code: 02909
  • State Or Province: RI
  • Zoning: R3
  • Human Modified Y N: No
Parking
  • Covered Spaces: 0
  • Garage Spaces: 0
  • Garage Y N: No
  • Parking Features: No Garage
  • Parking Total: 6
Taxes and HOA Information
  • Tax Annual Amount: $5,833.00
  • Tax Assessed Value: 327700
  • Tax Lot: 42
  • Tax Year: 2023
Property
Lot Information
  • Above Grade Fin SQFT: 2961.0
  • Building Area Total: 2961.0
  • Living Area Source: Public Records
  • Lot Size Acres: 0.1102
  • Lot Size Area: 4800.0
  • Lot Size Square Feet: 4800.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 1
  • Parcel Number: 2830MERCYSTREETSTPROV
  • Stories Total: 3
Property and Assessments
  • New Construction Y N: No
  • Number Of Units Total: 3
  • Property Sub Type: Multi Family
  • Property Type: ResidentialIncome
  • Senior Community Y N: No
  • Year Built: 1920
  • C L I P: 2,887,725,583
Utilities
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected, Public
Interior and Exterior Features
Interior Features
  • Appliances: Electric Water Heater
  • Basement: Full, Interior Entry, Partially Finished
  • Basement Y N: Yes
  • Bathrooms Full: 3
  • Bathrooms Half: 0
  • Bathrooms Total Integer: 3
  • Bedrooms Total: 8
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Fireplaces Total: 0
  • Fireplace Y N: No
  • Flooring: Ceramic Tile, Hardwood, Laminate
  • Heating: Gas
  • Heating Y N: Yes
  • Rooms Total: 15
Multi Family
Income & Expenses Information
  • Operating Expense: $9,833.00
Unit 1 Information
  • Actual Rent: $1,750.00
  • Description: 3rd Floor
  • Unit Type Area: 987.0
  • Baths Total: 1
  • Beds Total: 3
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Unit 2 Information
  • Actual Rent: $2,650.00
  • Description: 2nd Floor
  • Occupant Type: Vacant
  • Unit Type Area: 987.0
  • Baths Total: 1
  • Beds Total: 3
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Unit 3 Information
  • Actual Rent: $2,350.00
  • Description: 1st Floor
  • Unit Type Area: 987.0
  • Baths Total: 1
  • Beds Total: 2
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Rental
Rental Information
  • Lease Amount Per Area Unit: DollarsPerSquareFoot
  • Land Lease Y N: No

Property History for 28 Mercy Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 28 Mercy Street

Taxable ValueLand$86,900Additions$240,800Total$327,700
Tax Record2023$6,013 ($501 / month)
Home Facts
Baths3Total Finished SqFt2,454 SqFtAbove Grade Finished SqFt2,454 SqFtUnfinished Basement SqFt987 SqFtStories3Lot Size4,800 SqFtStyleTriplexYear Built1920ZoningR-3CountyPROVIDENCEAPNPROV M:110 L:42

Schools near 28 Mercy Street

This home is within Providence School District.
Rating
School
Type
Grades
Distance
Public - PK to 1
Public - PK to 4
Public - PK to 5
Public - K to 5
Rating
School
Distance
Charles N. Fortes Elementary School
PublicPK to 1

asa messer elementary school
PublicPK to 4

Martin Luther King El. School
PublicPK to 5

Vartan Gregorian El. School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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28 Mercy Street is a multi-family home for sale in Providence, RI 02909. This property was listed for sale on September 8, 2024 by Realty Quarters, it's currently listed at $849,000. This listing's school district is Providence School District. Nearby schools include Charles N. Fortes Elementary School, asa messer elementary school and Martin Luther King El. School. 28 Mercy Street is a 8-bed, 3-bath, 2,961 sqft multi-family home built in 1920.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Realty Quarters

Based on information from one of the following Multiple Listing Services: Rhode Island Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Rhode Island Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.