Cashflow Multifamily on North Providence Line

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30576873
Property Subtypes: Mixed Use
Status: Pending
Number of Units: 4 Units
Building Size (RSF): 2,790 SF
Gross Building Area: See Agent
Sale Price: $319,000
Unit Price: $79,750 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 4
Last Updated: 5/30/2020

Overview / Comments

Located on Charles St, near the North Providence Line, this 4 Unit Mixed use Investment Property currently configured as a 4 unit residential is a cash flow king at an almost 10% Cap Rate. Located conveniently on the North Providence / Providence line is this large 4 unit building with off-street parking for 5 cars. This investment opportunity is currently set up as three 2 BR residential units, and a 1 BR Residential unit with an unfinished basement.

Updated mechanicals include fire box, forced air system for first floor. Double Pane vinyl windows, hardwood floors. Recenlty updated units, with updated siding.

Additional Details

Nearest MSA: Providence-Warwick
County: Providence
Tax ID/APN: PR 097-0420
Property Condition: Excellent
Heat Type: Electricity, Natural Gas
Heat Source: Baseboard
Fuel: Gas, Electric

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 25,128 232,449 416,862
Median Age: 33.59 34.13 35.63
Households: 9,243 90,257 160,165

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