669 Elmwood Ave - Apartments FOR SALE


Providence, RI 02907- Elmwood
$3,950,000 USD
401-255-7704
669 Elmwood Ave, Providence, RI for Sale
$3,950,000 USD
Apartments - FOR SALE
1/7
null | 8.92% Cap Rate

669 Elmwood Ave
Providence, RI 02907
Elmwood


HIGHLIGHTS

  • Mixed, residential lofts, office/studio, warehouse

OVERVIEW

669 Elmwood Avenue, 68,561 square foot parcel improved with a circa 1900, two and three level masonry and timber mill. Currently divided into 14 residential lofts, 43,850 SF / 3 industrial/warehouse spaces 11,400 SF and 12 office/studios 8,330 SF currently netting $323,900. Lofts are over-sized can easily be subdivided. 643 Elmwood Avenue, 19,526 square foot lot zoned C-2, development potential for 30 residential units.

FOR SALE DETAILS

PRICE

$3,950,000 USD

PRICE/SF

$62 USD /SF

# OF UNITS

14

PRICE/UNIT

$282,143

CAP RATE

8.92%

% LEASED

-

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

23

LAND DETAILS

LAND ACRES

2.02 AC

LAND SF

87,991 SF

ZONING

M1

APN/PARCEL ID

PROV-520044-000000-000000,PROV-520370-000000-000000

ASK ABOUT THIS PROPERTY

Peter ScottiPeter Scotti & AssociatesMore Info
401-255-7704

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Peter ScottiPeter Scotti & AssociatesMore Info
401-255-7704

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