Residential Rental Investment Property 3 Buildings+ Garages

Multi-Family for Sale
Catylist Listing ID: 30658612
Number of Units: 8 Units
Building Size (RSF): 5,398 SF
Gross Land Area: 0.23 Acres
Sale Price: $829,000
Unit Price: $103,625 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 10/27/2020

Overview / Comments

TWO MULTI-FAMILY BUILDINGS + SINGLE FAMILY HOME WITH ATTACHED APPROX. 6 CAR GARAGE. A TOTAL OF 8 RESIDENTIAL UNITS.
Front 4 family structure @ # 105-107 Foundry Street...1st floor has two 2 Bedroom units (front & back). 2nd & 3rd floor units are 3 Bedrooms each.
Rear 3 family structure @ # 103 Foundry Street...all 2 Bedroom units.
Separate 3-4 bedroom single family home @ 109 Foundry Street to the left of multi-family structures (parking for all units between MFs & SF). Approx. 6 car garage is attached to single family residence.
Established tenants currently at below market rent. Rent information available.
Expenses: Taxes $9,483, Insurance $4,739, Water $3,254, Sewer $3,968, House Met $711, Dumpster $ 2,100...Total expenses=$24,255/yr
Note: Replacement windows in the two Multi-family structures

Additional Details

Nearest MSA: Providence-Warwick
County: Providence
Tax ID/APN: CF 5-180
Zoning: RES
Percent Occupied: 100%
Community Amenities: Business Center, Play Ground
Property Located Between: Broad Street (rte. 114) & Fletcher Street
Highway Access: Broad Street to Cross Street east to Interstate Rte. 95 north and south to all points.
Airports: Rhode Island International Airport, Warwick, RI
Site Description: Level
Area Description: Heart of City...easy access to most amenities from shopping to highway.
Total Number of Buildings: 3
Property Condition: Good
Number of Stories: 3
Year Built: 1900
Roof Type: Gable
Construction/Siding: Vinyl Siding
Parking Type: Surface
Parking Description: Multi car parking available on site / off street. Approx. 1 per unit (total of 8 res. units)...Additional 6 car garage on property.
Total Parking Spaces: 9
Sprinklers: None
Heat Type: Natural Gas, Hot Water, Space Heaters
Heat Source: Baseboard, Other
Fuel: Gas
Air Conditioning: Window Unit
Zoning Description: Res
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Parcel 5-180 + Parcel 5-179

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 37,678 154,906 324,205
Median Age: 33.1 37.17 36.75
Households: 14,668 61,632 127,450
© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither East Coast Commercial Property Network nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.