Catylist ID:
#30658612
Residential Rental Investment Property 8 Units/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: | $699,000 |
| Unit Price: | $87,375 Per Unit |
| Property Use Type: | Investment |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Average Occupancy Rate: | 100 |
| Last Updated: | 3/23/2021 |
Overview / Comments
|
TWO MULTI-FAMILY BUILDINGS + SINGLE FAMILY HOME WITH ATTACHED APPROX. 6 CAR GARAGE. A TOTAL OF 8 RESIDENTIAL UNITS on Two Lots. 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). App. 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 |
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 |
Contact
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