737 CRANSTON ST PROVIDENCE

Multi-Family for Sale
Catylist Listing ID: 30716787
Property Subtypes: Mid-Rise
Number of Units: 10 Units
Building Size (RSF): 8,420 SF
Gross Building Area: 9,586 SF
Gross Land Area: 5,663 SF
Sale Price: $749,900
Unit Price: $74,990 Per Unit
Property Use Type: Investment
Building Name: 737 CRANSTON ST
Usable Size (USF): 8,420 SF
Sale Terms: Cash to Seller
Cap Rate: 9.0%
Average Occupancy Rate: 98
Last Updated: 5/11/2021

Overview / Comments

WEST END INVESTMENT OPPORTUNITY . 2 STORES 8 APARTMENTS , EXCELLENT CASH FLOW. OR MERCANTILE OWNER OCCUPANT. HAVE BUSINESS SPACE FOR FREE.

Financials

Finance Data Year 2020
Real Estate Taxes - Annual($) $13,832 (Annual)
Potential Rental Income $111,600 (Annual)
Gross Operating Income $107,796 (Annual)
Net Operating Income $68,767 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Providence-Warwick
County: Providence
Taxing Authority: PROVIDENCE
Tax ID/APN: PR 042-0015
Zoning: MIXED USE
Percent Occupied: 98%
Property Located Between: CRANSTON ST &. ANTHONY ST
Highway Access: RT 10
Airports: GREENE
Site Description: I BUILDING WITH PARKING
Area Description: NEIGHBORHOOD. COMMERCIAL. 1
Total Number of Buildings: 1
Property Condition: Good
Number of Stories: 3
Year Built: 1900
Roof Type: Mansard
Construction/Siding: Other
Exterior Description: BRICK WOOD AND METAL. EXCELLENT PERIOD DETAILS
Parking Type: Surface
Parking Description: SURFACE IN REAR
Total Parking Spaces: 7
Heat Type: Natural Gas
Heat Source: Central
Fuel: Gas
Air Conditioning: Window Unit
Internet Access: Cable, ISDN
Zoning Description: MIX USE COMMERCIAL
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 51,354 233,976 423,491
Median Age: 29.92 33.11 36.65
Households: 17,132 85,953 163,685

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