65 America St - Apartments FOR SALE


Providence, RI 02903- Federal Hill
$975,000 USD
781-776-4002
65 America St, Providence, RI for Sale
$975,000 USD
Apartments - FOR SALE
1/9
null | 8.09% Cap Rate

65 America St
Providence, RI 02903
Federal Hill


HIGHLIGHTS

  • Downtown Location & Access to Amenities
  • Transit Oriented Location
  • Capital Improvements & Amenities
  • Proximity to Local Colleges
  • Separate Utilities
  • Strong Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 65 America Street in the Federal Hill neighborhood of Providence, Rhode Island (the “Property”). The Property is comprised of a three-story building with three (3) residential units consisting of two (2) 3-Bedroom/1-Bathroom and one (1) 2-Bedroom/1-Bathroom with 4,350 square feet of living area in 5,948 square feet of total gross area on a 0.091-acre parcel. The Property is separately metered for electricity, gas fired heat, and gas fired hot water which the tenants pay directly. The Landlord is responsible for common area electric and domestic water and sewer. The Property includes three (3) off-street parking spaces. All of the units have been well-maintained and have been rewired (electric) and re-plumbed, and feature dishwashers, laundry in unit, granite countertops, stainless steel appliances, and basement storage. Centrally located in the Federal Hill neighborhood of Providence, 65 America Street is within a few blocks of Broadway and Westminster Street and is a short walk from Providence’s Central Business District. The Property offers convenient access to abundant dining, retail, and nightlife options, and several colleges and universities. The Property is also just 1.2 miles from the Providence Train Station (Amtrak, Acela & the MBTA’s Providence/Stoughton Line). Adding to the area’s appeal is the proximity to a robust employment market, local and national retailers and restaurants, and major roadways. 65 America Street offers the opportunity to acquire a well-located asset in one of the strongest real estate markets in a region that is poised for future growth.

FOR SALE DETAILS

PRICE

$975,000 USD

PRICE/SF

$164 USD /SF

# OF UNITS

3

PRICE/UNIT

$325,000

CAP RATE

8.09%

% 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

1874

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,920 SF

ZONING

R-3

APN/PARCEL ID

PROV-280241-000000-000000

ASK ABOUT THIS PROPERTY

Dennis KelleherHorvath & TremblayMore Info
781-776-4002

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Dennis KelleherHorvath & TremblayMore Info
781-776-4002

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