JWU Student Housing Northup

235 & 242 Northup St, Cranston, RI 02905
Business Opportunity for Sale
Catylist Listing ID: 30233528
Property Subtypes: Real Estate
Building Size (RSF): See Agent
Sale Price: $497,000
Gross Revenue: $0 (Annual)
Cash Flow: $106,000 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Sale Terms: To Be Negotiated
Last Updated: 4/24/2018

Overview / Comments

Performing Student Housing package with income of $106k+. TURN KEY. Video door bell/unlock system, 235 has RBH electronic lock system, WIFI thermostats, property surveillance cameras, burglar alarm, and an internal communication room that can be controlled from a smart phone. Bank financing available for qualified buyers. These buildings consist of 2 three level single family homes/12 rentable bedrooms. Each building has: internal coin-operated laundry facilities, and a secured maintenance storage space. All units are fully furnished with kitchen table/chairs, stainless steel appliances, flat screen TV's, leather couches, wall accessories and more.

This also includes parking lots (one possibly buildable) that can accommodate 14 cars. Additionally, there is a one car garage for storage or additional rental income. 235 includes an additional lot.

Properties are within walking distance to the JWU Harborside Campus.

Additional Details

Nearest MSA: Providence-Warwick
County: Providence
Industry Segment: Other Real Estate
Reason for Selling: Other Business Interests
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $0
Real Estate Status: Real Property
Value of Real Estate Included ($): $497,000


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