339-343 Thayer St - Apartments FOR SALE


Providence, RI 02906- College Hill
$4,400,000 USD
401-808-6716
339-343 Thayer St, Providence, RI for Sale
$4,400,000 USD
Apartments - FOR SALE
1/26
null | 5.87% Cap Rate

339-343 Thayer St
Providence, RI 02906
College Hill


OVERVIEW

Introducing 339-343 Thayer Street, a unique opportunity to own a 10-Unit apartment building in the heart of Brown University. This massive property offers (6) 3 Bed units, (1) 4 Bed unit, (1) 2 Bed unit, (1) 1 Bed unit, and (1) studio apartment with plenty of parking. Turn-key asset with room to grow rents. The building offers replacement windows, lead certificates for each unit, and updated mechanicals. Utilities and mechanicals are separate and paid for by the tenants. Leased through May 2027. Location speaks for itself! Phenomenal student housing investment on Thayer Street.

FOR SALE DETAILS

PRICE

$4,400,000 USD

PRICE/SF

$307 USD /SF

# OF UNITS

10

PRICE/UNIT

$440,000

CAP RATE

5.87%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,017 SF

ZONING

R3

APN/PARCEL ID

PROV-130005-000000-000000

ASK ABOUT THIS PROPERTY

Spencer KelleherWalter BronhardMore Info
401-808-6716

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

Spencer KelleherWalter BronhardMore Info
401-808-6716

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