26 Ames St - Apartments FOR SALE


Providence, RI 02909- West End Providence
$575,000 USD
781-776-4000
26 Ames St, Providence, RI for Sale
$575,000 USD
Apartments - FOR SALE
1/9
null | 5.18% Cap Rate

26 Ames St
Providence, RI 02909
West End Providence


HIGHLIGHTS

  • Downtown Location & Access to Amenities
  • Transit Oriented Location
  • Proximity 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 26 Ames Street in Providence, Rhode Island (the “Property”). The Property consists of a three-story multifamily building and contains three (3) residential units comprised of two (2), 2-Bedroom/1-Bathroom units and one (1), 1-Bedroom/1-Bathroom unit with 1,717 square feet of living area in 2,453 gross square feet on a 0.052- acre parcel of land. The Property 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, 26 Ames Street is one block from Atwells Avenue and is a short walk from Broadway 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. 26 Ames 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

$575,000 USD

PRICE/SF

$234 USD /SF

# OF UNITS

3

PRICE/UNIT

$191,667

CAP RATE

5.18%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

-

APN/PARCEL ID

-

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.