Five Unit Victorian with excellent Cash Flow

Multi-Family for Sale
Catylist Listing ID: 30735119
Number of Units: 5 Units
Building Size (RSF): 4,290 SF
Sale Price: $529,900
Unit Price: $105,980 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 9.24%
Last Updated: 5/27/2021

Overview / Comments

Large turn of the century Victorian with excellent Cashflow. Five Residential units with character and charm. Well maintained exterior and mechanicals throughout. Plenty of parking with an 11-spot parking lot and three car garage. Updated electrical, windows, no issues with lead, Coin-op laundry and solid tenants in place. Great Investment that is centrally located in the state. Contact us today for more details.


Finance Data Year 2021
Real Estate Taxes - Annual($) $8,710 (Annual)
Assessed Value - Total($) $291,400 (Annual)
Potential Rental Income $67,500 (Annual)
Gross Operating Income $67,200 (Annual)
Net Operating Income $46,956 (Annual)

Additional Details

Nearest MSA: Providence-Warwick
County: Kent
Tax ID/APN: WW 015-0104-0-000
Highway Access: I-95, I-295, Route 4, Route 1, Route 2
Airports: T.F. Green
Number of Stories: 3
Year Built: 1900
Construction/Siding: Vinyl Siding
Parking Type: Surface
Parking Description: 11 Parking Spots. 2 assigned spots per Unit and a visitor spot. 3 additional parking spots within the garage
Total Parking Spaces: 14
Laundry: Shared
Sprinklers: None
Heat Type: Electricity, Oil, Steam
Heat Source: Radiant, Other
Fuel: Oil, Electric
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,781 70,883 141,257
Median Age: 39.01 41.91 42.92
Households: 7,685 29,984 57,399


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