122-126 Lowell Ave - Apartments FOR SALE


Providence, RI 02909- Silver Lake
$1,300,000 USD
401-255-7925
122-126 Lowell Ave, Providence, RI for Sale
$1,300,000 USD
Apartments - FOR SALE
1/45
null | Request Cap Rate

122-126 Lowell Ave
Providence, RI 02909
Silver Lake


OVERVIEW

Prime investment opportunity! 8-Unit residential apartment building in the Silver Lake area of Providence. This fully occupied building offers consistent rental income and long-term potential. 4 one-bedroom apartments and 4 two-bedroom apartments. Ample on-site parking with 28 dedicated parking spaces (14 parking spaces on each side of the building). Eligible for condo conversion, adding significant upside potential. Roof was replaced just 7 years ago and electric heat is featured throughout the building. With a stable cash flow this property is an excellent opportunity for both seasoned investors and those looking to expand their portfolio. Don't miss the chance to own a solid income-producing asset in one of Providence's most established residential communities!

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$119 USD /SF

# OF UNITS

8

PRICE/UNIT

$162,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lowell Avenue Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1910

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.44 AC

LAND SF

19,200 SF

ZONING

-

APN/PARCEL ID

PROV-001120-000237-000000

ASK ABOUT THIS PROPERTY

Jeff WeinsteinRentProv RealtyMore Info
401-255-7925

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Jeff WeinsteinRentProv RealtyMore Info
401-255-7925

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.