50 Common St - Apartments FOR SALE


Providence, RI 02908- Smith Hill
$1,400,000 USD
617-793-7223
50 Common St, Providence, RI for Sale
$1,400,000 USD
Apartments - FOR SALE
1/10
null | 7.49% Cap Rate

50 Common St
Providence, RI 02908
Smith Hill


HIGHLIGHTS

  • Excellent Convenient Location with Low Vacancy
  • Major Capital Improvements Preformed
  • All Utilities Included with Upside in Rents

OVERVIEW

12-unit studio building with 12 off-street parking spaces, located just off I-95 in Providence, RI. The property boasts low vacancy rates, with all units renovated and fully rented at below-market rents, offering significant rental upside. Electric, heat, water, and sewer are included in the rent. Major capital improvements have been completed, unit interiors, new windows, new cameras, master key systems, with additional upgrades, including an electric service upgrade, parking lot paving to be finalized before the sale.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$258 USD /SF

# OF UNITS

12

PRICE/UNIT

$116,667

CAP RATE

7.49%

% 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

12

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

R-4

APN/PARCEL ID

PROV-680708-000000-000000

ASK ABOUT THIS PROPERTY

Jason RizkLongview Properties, LLCMore Info
617-793-7223

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Jason RizkLongview Properties, LLCMore Info
617-793-7223

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