8 unit Apartment building

Multi-Family for Sale
8 unit Apartment building
Catylist Listing ID: 30273584
Number of Units: 8 Units
Building Size (RSF): 5,442 SF
Gross Land Area: 27,747 SF
Sale Price: $575,000
Unit Price: $71,875 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 11.83%
Average Occupancy Rate: 100
Last Updated: 5/3/2018

Overview / Comments

GREAT REVENUE / CASH FLOW from this 8-unit multi-family apartment building centrally located in the Arctic Village neighborhood of West Warwick. Fully-occupied with many long-term tenants, onsite property manager. Potential to build garage/storage units on the combined double lot for additional income & cash flow.

Additional Details

Nearest MSA: Providence-Warwick
County: Kent
Taxing Authority: West Warwick
Tax ID/APN: 006-0656-0-000
Zoning: R-6
Percent Occupied: 100%
Property Condition: Average
Number of Stories: 3
Year Built: 1900

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,343 66,416 140,450
Median Age: 37.88 41.75 42.82
Households: 6,649 28,374 57,287

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