124 Waterman Ave - Apartments FOR SALE


East Providence, RI 02914- Outer East Bay
$699,000 USD
401-354-2415
124 Waterman Ave, East Providence, RI for Sale
$699,000 USD
Apartments - FOR SALE
1/20
null | 8.54% Cap Rate

124 Waterman Ave
East Providence, RI 02914
Outer East Bay


HIGHLIGHTS

  • Each Unit include Ceiling Fans, Oven/Range, Refrigerator, 6 ,100 amp electrical boxes, 1 is for common use areas, 6 separate hot water tanks,
  • 1 is for common use areas, 6 separate hot water tanks, 1 water tank is electric for laundry that owner pays.

OVERVIEW

This five-unit property in East Providence is an ideal investment opportunity. The units are in great condition and are currently fully rented. The property includes 11 off-street parking spots and a two-car garage that could generate extra income. It is located in a great area, making it even more appealing to potential tenants. This building has a proven record of strong rental history for over 20 years. The rents are currently lower than market value. The five units include four one-bedroom units and one two-bedroom unit. In addition to being in great condition, each unit has separate utilities and coin-operated laundry and storage in the basement.

FOR SALE DETAILS

PRICE

$699,000 USD

PRICE/SF

$184 USD /SF

# OF UNITS

5

PRICE/UNIT

$139,800

CAP RATE

8.54%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Waterman

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,692 SF

ZONING

C-2

APN/PARCEL ID

EPRO-000205-000015-000011

ASK ABOUT THIS PROPERTY

Lindsay BrownSlocum Home TeamMore Info
401-354-2415

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Lindsay BrownSlocum Home TeamMore Info
401-354-2415

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