Residential Rental Investment Property

Multi-Family for Sale
Catylist Listing ID: 30658573
Number of Units: 6 Units
Building Size (RSF): 5,040 SF
Gross Land Area: 0.12 Acres
Sale Price: $699,000
Unit Price: $116,500 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 10/19/2020

Overview / Comments

TWO 3 FAMILY BUILDINGS WITH A TOTAL OF 6 UNITS.
Front bldg. 3 family with 3 bedroom units...1st floor large exceptional OWNER OCCUPIED WITH ADD'L BASEMENT ROOMS + extras (including garage).
Rear bldg. 3 family with 2 bedroom units.

Established / stable tenants currently at below market rent.
Expenses: Taxes $6,062, Insurance $6,355, Water $1,657, Sewer $2,785...Total expenses=$16,859/yr

Note: Roofs updated + Replacement Windows

Additional Details

Nearest MSA: Providence-Warwick
County: Providence
Tax ID/APN: CF 5-182
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: 2
Property Condition: Good
Year Built: 1900
Roof Type: Gable
Parking Type: Surface
Parking Description: 6 car driveway for 6 unit complex
Total Parking Spaces: 6
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 5-182

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 37,678 153,725 324,205
Median Age: 33.1 37.15 36.75
Households: 14,668 61,113 127,450
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