669 Elmwood Ave - Apartments FOR SALE


Providence, RI 02907- Elmwood
$3,750,000 USD
401-255-7704
669 Elmwood Ave, Providence, RI for Sale
$3,750,000 USD
Apartments - FOR SALE
1/12
null | 10.1% Cap Rate

669 Elmwood Ave
Providence, RI 02907
Elmwood


OVERVIEW

Circa 1900 Mill type property, subdivided into 14 very large residential lofts (43,850 SF) that could be subdivided, 12 office/studio spaces (8,330 SF ),that could also be converted to residential and 3 warehouse use spaces (11,400 SF ). In addition there is a separate 19,526 SF lot zoned C-@ that could be developed with an additional 30 residential units. This property is fully occupied. With additional investment the property has the potential to significantly increase NOI. Great oppourtunity to get in on the nations #1 rental market !

FOR SALE DETAILS

PRICE

$3,750,000 USD

PRICE/SF

$59 USD /SF

# OF UNITS

14

PRICE/UNIT

$267,857

CAP RATE

10.1%

% 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 & C-2

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.