41 E Transit St - Apartments FOR SALE


Providence, RI 02906- Fox Point
$1,295,000 USD
401-612-4242
41 E Transit St, Providence, RI for Sale
$1,295,000 USD
Apartments - FOR SALE
1/23
null | 6.86% Cap Rate

41 E Transit St
Providence, RI 02906
Fox Point


HIGHLIGHTS

  • Renovated Units
  • New Roof
  • New electrical service

OVERVIEW

Well-maintained and extensively updated 5-unit property in desirable Fox Point, offering a blend of strong rental income and future upside with extremely low vacancy. The property features low taxes for its size, parking for each unit and has 2 detached garages for ADU potential. Significant improvements have recently been completed, including a new roof, upgraded electrical service, central air in all units, exterior updates, a newly renovated shared laundry room and other in-unit upgrades. Located just off Ives and Wickenden and close to India Point Park, this property sits in the heart of the vibrant Fox Point neighborhood with some of Providence’s best restaurants and bars. A rare opportunity to acquire a turnkey asset in one of the city’s most sought-after rental markets.

FOR SALE DETAILS

PRICE

$1,295,000 USD

PRICE/SF

$535 USD /SF

# OF UNITS

5

PRICE/UNIT

$259,000

CAP RATE

6.86%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1930

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

R-2

APN/PARCEL ID

PROV-170438-000000-000000

ASK ABOUT THIS PROPERTY

Jonathan KaufmanCompassMore Info
401-612-4242

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Jonathan KaufmanCompassMore Info
401-612-4242

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