Admiral Street Portfolio

Multi-Family for Sale
Catylist Listing ID: 30470455
Property Subtypes: Duplex/Fourplex, Mixed Use, Other
Number of Units: 12 Units
Building Size (RSF): 15,000 SF
Gross Building Area: See Agent
Gross Land Area: 0.83 Acres
Sale Price: $75,000 - 1,377,000
Unit Price: $6,250 Per Unit
Property Use Type: Investment
Usable Size (USF): 15,000 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 90
Last Updated: 9/14/2019

Overview / Comments

This is a portfolio that consists of 4 multifamily house, a single family house, a small office building, a closed laundromat, that can be turned into a retail leasable space, and two vacant lots. The largest building is located at the corner of Admiral and Douglas, many of the parcels are adjacent to each other, that will allow for the creation of a large project.

Additional Details

Nearest MSA: Providence-Warwick
County: Providence
Tax ID/APN: PR 070-0014
Zoning: COMMERCIAL/RESIDENTIAL
Percent Occupied: 90%
Property Located Between: Admiral Street and Douglas
Highway Access: route 95 is only a few blocks away
Site Description: See plat map for location of the different parcels
Total Number of Buildings: 6
Property Condition: Fair
Construction/Siding: Other
Exterior Description: Mostly aluminum siding
Parking Type: Surface, Other
Parking Description: All of the buildings in the portfolio have very good parking spaces. The single family is on a double lot with 3 garages, that can be leased.
Total Parking Spaces: 20
Laundry: Laundromat Nearby
Heat Type: Natural Gas, Oil
Heat Source: Baseboard, Other
Fuel: Gas, Oil
Air Conditioning: Window Unit, Other
Zoning Description: Commercial and Residential parcels
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 36,884 258,918 435,081
Median Age: 31.18 33.7 35.79
Households: 13,333 98,641 168,051

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