Listed by Keller Williams Elite
$4,300,000
Providence Portfolio
Details
APN PROV M:17 L:258 ; PROV M:17 L:93
Property Type Mixed Use, Multifamily
Sub Type Single Family Rental Portfolio, Student Housing
Net Rentable (SqFt) 7,481
Units 12
Beds 39
Cap Rate 7.21%
NOI $309,950
Occupancy 100%
Class B
Year Built 1870-1885
Buildings 3
Stories 5
Lot Size (SqFt) 2,640 - 3,826
Zoning R-2
Parking Spaces 10 spaces
Rare 12-Unit Investor Opportunity | Plug-and-Play | College Hill
Marketing description
An exceptional chance to own five fully-leased condos in the heart of College Hill, one of Providence’s most prestigious and high-demand neighborhoods. This turnkey portfolio offers consistent and reliable cash flow and walking distance to Brown, RISD, and Downtown Providence! Parking spots available.
This price includes two remarkable OFF MKT multis!!! 3 unit and 4 unit also walking distance to Brown, RISD, and Downtown Providence!
Investment highlights
Listing Contacts
Listed by Keller Williams Elite
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$309,950.00
$25,829.17/mo
Valuation Metrics
0
DSCR
7.21%
Cap Rate
7.21%
ROI
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