165 Knight St - Multi-Family FOR SALE


Providence, RI 02909- West End Providence
$750,000 USD
781-776-4000
165 Knight St, Providence, RI for Sale
$750,000 USD
Multi-Family - FOR SALE
1/14
null | 4.69% Cap Rate

165 Knight St
Providence, RI 02909
West End Providence


HIGHLIGHTS

  • Downtown Location & Access to Amenities
  • Transit Oriented Location
  • Promixity to Local Colleges
  • Housing Demand
  • Separate Utilities
  • Strong Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive sale of the multifamily investment property located at 165 Knight Street in Providence, Rhode Island (the “Property”). The Property consists of a two-story multifamily building and contains four (4) residential units comprised of two (2), 1-Bedroom/1-Bathroom units and two (2), 3-Bedroom/1-Bathroom units with 2,970 square feet of living area in 4,742 gross square feet on a 0.074-acre parcel of land. The Property has two (2) on-site parking spaces and is separately metered for electricity, heat, and hot water, which the tenants pay directly. The opportunity exists to upgrade the unrenovated unit interiors to drive rental rates in an urban-infill, high demand/supply constrained residential market. Centrally located in the Federal Hill neighborhood of Providence, 165 Knight Street is one block from Broadway and is a short walk from Atwells Avenue and Providence’s Central Business District. The Property offers convenient access to abundant dining, retail, and nightlife options, and several colleges and universities. The Property is also just 1.3-miles from the Providence Train Station (Amtrak, Acela & the MBTA’s Providence/ Stoughton Line). Adding to the area’s appeal is the proximity to a robust employment market, local and national retailers and restaurants, and major roadways. 165 Knight Street offers the opportunity to acquire a well-located asset with upside in one of the strongest real estate markets in a region that is poised for future growth.

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$158 USD /SF

# OF UNITS

4

PRICE/UNIT

$187,500

CAP RATE

4.69%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

-

APN/PARCEL ID

PROV-330356-000000-000000

ASK ABOUT THIS PROPERTY

Dennis KelleherHorvath & TremblayMore Info
781-776-4000

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Dennis KelleherHorvath & TremblayMore Info
781-776-4000

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