Joyce St Apartments.

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30048325
Property Subtypes: Low-Rise/Garden
Status: Pending
Number of Units: 16 Units
Building Size (RSF): 4,608 SF
Sale Price: $635,000
Unit Price: $39,687.50 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/14/2018

Overview / Comments

Build as a monthly rental hotel. Property consists of 16 units. Efficiency units with Small kitchen and apartment refrigerator and two burner cook top.

Downtown Warren less than one block from grocery store, USPS,pharmacy and Public transportation.

Financials

Finance Data Year 2016
Real Estate Taxes - Annual($) $10,966 (Annual)
Tax Value Land $122,900
Tax Value Improvements $454,500
Assessed Value - Total($) $546,400 (Annual)
Potential Rental Income $95,645 (Annual)
Gross Operating Income $95,645 (Annual)
Net Operating Income $54,918 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Providence-Warwick
County: Bristol
Taxing Authority: Warren
Percent Occupied: 100%
Property Located Between: Joyce and Cutler
Total Number of Buildings: 1
Property Condition: Good
Number of Stories: 2
Year Built: 1987
Roof Type: Gable
Construction/Siding: Wood Frame
Exterior Description: Vinyl Siding
Parking Type: Surface
Parking Description: 10 car parking with plenty of street parking as well
Total Parking Spaces: 10
Laundry: Shared
Sprinklers: None
Heat Type: Electricity
Heat Source: Heat Pump
Air Conditioning: Package Unit
Interior Description: Large 1 Room Efficiency units with full baths.
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,785 38,772 98,937
Median Age: 42.79 43.93 43.03
Households: 3,412 14,957 39,319
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