54 Barton St - Apartments FOR SALE


Providence, RI 02909- West End Providence
$1,590,000 USD
508-493-7093
54 Barton St, Providence, RI for Sale
$1,590,000 USD
Apartments - FOR SALE
1/22
null | 8.04% Cap Rate

54 Barton St
Providence, RI 02909
West End Providence


HIGHLIGHTS

  • 8% Cap on In-Place Income
  • Great location in Federal Hill/West End
  • Plenty of Parking
  • Turn-key units

OVERVIEW

Presenting 54-56 Barton Street, two well-maintained legal three-family structures in the Federal Hill / West End neighborhood of Providence. This turnkey asset consists of two separate structures, 3-story buildings with 3 units each. The property includes two 3-bedroom/1-bathroom units, three 2-bedroom/1-bathroom units, and one 1-bedroom/1-bathroom unit. Each unit features separate heating and mechanicals, replacement windows, and efficient layouts. The property delivers an attractive 8%+ cap rate with solid rental income and low operating headaches. Off-street parking available for all 6 units and washer/dryer in the basements. The two structures are on separate parcels and can be financed separately with residential mortgages, but must be purchased together. Call for more details and/or to schedule a showing!

FOR SALE DETAILS

PRICE

$1,590,000 USD

PRICE/SF

$317 USD /SF

# OF UNITS

6

PRICE/UNIT

$265,000

CAP RATE

8.04%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

54+ 56 Barton Street

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1930

PARKING SPACES

9

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

PROV-350469-000000-000000

ASK ABOUT THIS PROPERTY

Spencer KelleherWalter BronhardMore Info
508-493-7093

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Spencer KelleherWalter BronhardMore Info
508-493-7093

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