(14) units in (5) bldgs on 1.71 Acres in Suburbia

Multi-Family for Sale
Catylist Listing ID: 30356153
Property Subtypes: Duplex/Fourplex
Number of Units: 14 Units
Building Size (RSF): 11,460 SF
Gross Building Area: See Agent
Gross Land Area: 74,414 SF
Sale Price: $1,500,000
Unit Price: $107,142.86 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 6.8%
Last Updated: 1/1/2019

Overview / Comments

Well maintained property consisting of Five Buildings with 14 Units on 1.71 acres in North Smithfield. Property is within walking distance of downtown shops, library, supermarket, historic Slatersville. Easy access to Rte 146. Units have been updated with modern kitchen & bath. Peaceful, quiet setting for tenants.

Attachments & Media

Financials

Finance Data Year 2017
Real Estate Taxes - Annual($) $22,697 (Annual)
Tax Value Land $337,600
Tax Value Improvements $878,900
Assessed Value - Total($) $1,216,500 (Annual)
Potential Rental Income $171,975 (Annual)
Net Operating Income $87,550 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Providence-Warwick
County: Providence
Tax ID/APN: NS 001-065
Percent Occupied: 100%
Community Amenities: Restaurant(s), Jogging Paths, On-Site Maintenance
Highway Access: Rte 146 Rte 5 Rte 102
Airports: PVD
Site Description: Country setting, nicely landscaped property, plenty of on site parking, quiet, peaceful.
Total Number of Buildings: 5
Property Condition: Excellent
Number of Stories: 2
Parking Type: Surface
Heat Type: Oil
Heat Source: Baseboard
Fuel: Oil
Air Conditioning: Window Unit
Internet Access: Cable
Interior Description: Baths & Kitchens updated. Stainless Steel appliances.
Water Service: Well
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,321 24,456 82,877
Median Age: 43.24 40.47 39.55
Households: 1,403 9,466 32,406
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