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.

Financials

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

View FullscreenMap

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

Contact

© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither East Coast Commercial Property Network nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.