244 Bowen St - Apartments FOR SALE


Providence, RI 02906- College Hill
$2,850,000 USD
401-808-6716
244 Bowen St, Providence, RI for Sale
$2,850,000 USD
Apartments - FOR SALE
1/17
null | 6% Cap Rate

244 Bowen St
Providence, RI 02906
College Hill


HIGHLIGHTS

  • Excellent Location to Brown University
  • Upside on Rents

OVERVIEW

Rarely available, 244 Bowen Street is a legal 12-Unit apartment building in the heart of Brown University. The property offers (8) 1 Bed/1Bath apartments and (4) Studio/1Bath apartments, with lots of room on the rent roll. 100% occupied every year. Largely occupied by Brown University graduate and Phd students. Quiet building with very little turnover. Fully leased through summer of 2027. A+ location for student housing.

FOR SALE DETAILS

PRICE

$2,850,000 USD

PRICE/SF

$573 USD /SF

# OF UNITS

12

PRICE/UNIT

$237,500

CAP RATE

6%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

244 Bowen St

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1914

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,528 SF

ZONING

R-3

APN/PARCEL ID

PROV-130102-000000-000000

ASK ABOUT THIS PROPERTY

Spencer KelleherWalter BronhardMore Info
401-808-6716

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Spencer KelleherWalter BronhardMore Info
401-808-6716

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