DIAMOND HILL

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30647924
Property Subtypes: Mid-Rise, Other
Status: Pending
Number of Units: 6 Units
Building Size (RSF): 5,091 SF
Gross Land Area: 6,647 SF
Sale Price: $359,900
Unit Price: $59,983.33 Per Unit
Property Use Type: Investment
Usable Size (USF): 5,091 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 85
Last Updated: 10/13/2020

Overview / Comments

Owner occupied six unit property with 6 2 bedroom units. Currently 70% occupied with 3 units at market rent, one discounted rental, 1 unit in eviction and owner's unit. Owner pays sewer, water, taxes, insurance and maintenance. Tenants pay heat and electricity. Fire alarm up to code. No pets.

Attachments & Media

Financials

Finance Data Year 2020
Real Estate Taxes - Annual($) $7,478 (Annual)
Tax Value Land $36,200
Tax Value Improvements $176,000
Tax Value Personal Property $0
Assessed Value - Total($) $212,600 (Annual)
Potential Rental Income $64,800 (Annual)
Gross Operating Income $44,040 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Providence-Warwick
County: Providence
Taxing Authority: Woonsocket
Tax ID/APN: WO A4-35-145
Zoning: R-4
Percent Occupied: 70%
Property Located Between: Rathbun Street & Social Street
Highway Access: Route 99
Airports: North Central, T.F. Green
Site Description: Rectangular shape lot with parking for 6 cars including 2 car detached garage. Retaining walls in good condition.
Area Description: Suburban
Total Number of Buildings: 1
Property Condition: Average
Number of Stories: 3
Year Built: 1922
Roof Type: Hip
Construction/Siding: Vinyl Siding, Other
Exterior Description: Vinyl sided with asbestos shingles above. Newer windows. Front and side porches. Typical multi-unit house for this area.
Parking Ratio: 11 (per 1000 SF)
Parking Type: Surface
Parking Description: Rear yard and garage
Total Parking Spaces: 6
Laundry: Shared
Heat Type: Natural Gas, Space Heaters, Other
Heat Source: Central, Wall Units
Fuel: Gas
Air Conditioning: Window Unit
Internet Access: Cable, Gigabit, Fiber Optic
Interior Description: Building divided front to rear with larger units at street side and smaller units at rear. Interior finishes are typical for rental properties in the area. Each unit has locked storage room in basement. Walk-up attic.
Zoning Description: R-4 Property is confirmed to be a legal 6 unit by Zoning Official
Lot Frontage: 53' approximately
Lot Depth: 120' approximately
Water Service: Municipal
Sewer Type: Municipal
Easements Description: None
Land Ownership: Fee Simple
Legal Description: Plat 35F, Lot 145-24 Deed can be found at Book 2435, Page 307

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,010 65,548 102,717
Median Age: 37.03 38.5 40.03
Households: 7,669 26,344 40,637

Contact

Photograph of Listing Agent

The Daglieri Team

RE/MAX FLAGSHIP, INC. ECCPN Member
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