$420,000-$575,000 USD
774-219-4910
178-184 Bowen St
Providence, RI 02906
College Hill
HIGHLIGHTS
- Rare 5-Unit Investor Opportunity | Plug-and-Play | College Hill, Providence
- An exceptional chance to own five fully-leased condos in the heart of College Hill, one of Providence’s most prestigious and high-demand neighborhood
- This turnkey portfolio offers consistent and reliable cash flow and walking distance to Brown, RISD, and Downtown Providence
- There are also 3 available parking spots with this sale
OVERVIEW
Bowen Unit 5
Square Feet 1,600
Bedrooms 5
Bathrooms 2
Units 1
Monthly Rent $3,875
Potential Gross Income $46,500
Maintenance $0
Trash $0
Fire Alarm $0
Insurance $1,231
Real Estate Taxes $7,951
Electric $2,000
Gas $3,658
Water $0
Sewage $0
HOA $6,300
Management $0
General & Administrative $0
Replacement Reserves $500
Operating Expenses $21,640
Net Operating Income $24,860
FOR SALE DETAILS
PRICE
$420,000-$575,000 USD
CAP RATE
5.72%
# OF UNITS
5
CONDO SIZE
-
% LEASED
100%
TENANCY
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
7,000 SF
STORIES
4
BUILDING CLASS
C
YEAR BUILT
1885
SPRINKLERS
-
PARKING SPACES
6
LAND DETAILS
LAND ACRES
0.26 AC
LAND SF
11,161 SF
ZONING
R1
APN/PARCEL ID
PROV-100389-000000-000004,PROV-100389-000000-000016
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774-219-4910
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774-219-4910
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