54+56 Barton Street- 6 Units
7.26% Cap on In-Place Income- 6 Units in Federal Hill/West End
Marketing description
Presenting 54-56 Barton Street, two well-maintained legal three-family structures in the Federal Hill / West End neighborhood of Providence. This turnkey asset consists of two separate structures, 3-story buildings with 3 units each. The property includes two 3-bedroom/1-bathroom units, three 2-bedroom/1-bathroom units, and one 1-bedroom/1-bathroom unit. Each unit features separate heating and mechanicals, replacement windows, and efficient layouts. The property delivers an attractive 7%+ cap rate with solid rental income and low operating headaches. Off-street parking available for all 6 units and washer/dryer in the basements. The two structures are on separate parcels and can be financed separately with residential mortgages, but must be purchased together. Call for more details and/or to schedule a showing!
Investment highlights
Presenting 54-56 Barton Street, two well-maintained legal three-family structures in the Federal Hill / West End neighborhood of Providence. This turnkey asset consists of two separate structures, 3-story buildings with 3 units each. The property includes two 3-bedroom/1-bathroom units, three 2-bedroom/1-bathroom units, and one 1-bedroom/1-bathroom unit. Each unit features separate heating and mechanicals, replacement windows, and efficient layouts. The property delivers an attractive 7%+ cap rate with solid rental income and low operating headaches. Off-street parking available for all 6 units and washer/dryer in the basements. The two structures are on separate parcels and can be financed separately with residential mortgages, but must be purchased together. Call for more details and/or to schedule a showing!
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