50 Common St - Apartments FOR SALE


Providence, RI 02908- Smith Hill
$1,300,000 USD
617-793-7223
50 Common St, Providence, RI for Sale
$1,300,000 USD
Apartments - FOR SALE
1/23
null | 7.9% 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 building located in a quite neighborhood right off of I-95 in and across the street from the Rhode Island state house. Building consists of (3) 1 beds/large studios and (9) studio apartments and plenty of off street parking. Major renovations have been completed, electric service upgrade, common are and unit interior renovations, new appliances, new windows, new camera system, master key system and more. Property has low vacancy rates, with all units renovated and fully rented at below-market rents, offering 15%+ upside in the rents. Owner pays all utilities.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$240 USD /SF

# OF UNITS

12

PRICE/UNIT

$108,333

CAP RATE

7.9%

% 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.