Multi Family Portfolio

Multi-Family for Sale
Catylist Listing ID: 30319948
Property Subtypes: Duplex/Fourplex, Low-Rise/Garden
Number of Units: 14 Units
Building Size (RSF): 9,080 SF
Gross Building Area: 15,193 SF
Gross Land Area: 21,803 SF
Sale Price: $749,900
Unit Price: $53,564.29 Per Unit
Property Use Type: Investment
Building Name: Mineral Spring Ave Portfolio
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/27/2018

Overview / Comments

This multi family portfolio consists of 3 separate buildings totaling 14 units.
Building 1: 80 Mineral Spring with 4 units. Gross income $2,050 monthly. Asking price $245,000.
Building 2: 86-88 Mineral Spring with 3 units. Gross income $1,945 monthly. Asking price $175,000.
Building 3: 94 Mineral Spring with 7 units. Gross income $3,755 monthly. Asking price $329,900
The buildings are situated in a courtyard type setting with ample tenant parking in the center. 80 & 94 have full basements. Coin laundry.
There is significant upside potential with these units as the rents are well below market. All buildings will be delivered with compliant fire alarm systems.

Note: Properties can also be purchased individually. Call agent for details.

Additional Details

Nearest MSA: Providence-Warwick
County: Providence
Taxing Authority: City of Pawtucket
Tax ID/APN: 52/0774, 52/0775, 52/0776
Zoning: RM
Percent Occupied: 85%
Total Number of Buildings: 3
Property Condition: Average
Number of Stories: 3
Roof Type: Arched
Parking Type: Surface
Laundry: Shared
Sprinklers: None
Heat Type: Electricity, Natural Gas, Oil
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 41,136 189,395 377,746
Median Age: 33.72 36.41 35.79
Households: 16,277 75,384 145,494

Contact

Photograph of Listing Agent

Jim Conway

Conway Commercial Group of WR Commercial
ECCPN Member
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