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PRICE $999,900 dsIDX morgage calculator
BEDS 7
BATHS 4
HOME SIZE n/a
LOT SIZE 4,792 sqft

7.2% Cap Rate, Estimated $113,000 in annual gross rents and cash flow after mortgage of approx $20,000. Seven total units plus a garage on one lot. One three-family home and one four-family home on this one parcel comprise the 7 units. The front building is a 3-family with all 2-bedroom apartments (1 occupied, 2 vacant). The 4-family is located on the rear of the lot consisting of 2 2-bedroom units and 2 1-bedroom units (2 occupied, 2 vacant). Some of the apartments have electric baseboard heat. The two 1-bedroom units were recently remodeled with new kitchens, tile flooring, baths, granite counters etc. Great rental history to medical students/residents/fellows as well as Brown Univ. grad students. Tenants pay their own utilities w/ exception of 2 units where partial electric included. Potential for value add with condo conversion. Off-street parking available for roughly 6 vehicles. Newer roof on front building, replacement vinyl windows, and vinyl siding make this a great low maintenance investment opportunity. Located in the highly desirable Fox Point area on the East Side of Providence. This listing is part of a portfolio consisting of a total of 20 apartments with nearly $300,000 in annual gross rents. See MLS numbers 1244394 (123 Warren Ave, East Providence) and 1244418 (364 High St, Central Falls) for more info along with attached profit and loss statements. These properties can be sold as a package for the savvy investor or individually by MLS listing

DAYS ON MARKET 6 LAST UPDATED 1/13/2020
TRACT Fox Point / East Side of Providence YEAR BUILT 1930
GARAGE SPACES 1.0 COUNTY Providence
STATUS Active PROPERTY TYPE(S) Residential Income


ADDITIONAL DETAILS
AIR ForcedAir, None
APPLIANCES ElectricWaterHeater, GasWaterHeater
BASEMENT Full, InteriorEntry, Unfinished, Yes
CONSTRUCTION Drywall, Plaster, VinylSiding, WoodSiding
GARAGE Detached, Garage, Yes
HEAT Baseboard, Electric, ForcedAir, Gas, HotWater
HOA DUES 0
INTERIOR TubShower
LOT 4792 sq ft
SEWER Connected
SUBDIVISION Fox Point / East Side of Providence
TAXES 18300
WATER Connected
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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Listed by Keller Williams Realty NRI

The data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than REMAX are marked with the MLS logo and detailed information about them includes the name of the listing brokers.

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Data last updated:1/19/20 2:37 AM PST

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