94-96 Medway St - Apartments FOR SALE


Providence, RI 02906- Wayland
$2,795,000 USD
401-751-3200
94-96 Medway St, Providence, RI for Sale
$2,795,000 USD
Apartments - FOR SALE
1/5
null | Request Cap Rate

94-96 Medway St
Providence, RI 02906
Wayland


HIGHLIGHTS

  • Easy-to-manage building, ideal for both new and experienced investors.
  • Potential garden level unit to increase unit count.
  • Potential NOI increase of $26K with minimal cost.

OVERVIEW

94–96 Medway Street is a 12-unit multifamily property in Providence’s highly desirable Wayland Square neighborhood on the East Side. The 9,504 SF building consists of twelve one-bedroom units and offers investors a stabilized income-producing asset with upside through unit upgrades, rent growth, and operational improvements.

FOR SALE DETAILS

PRICE

$2,795,000 USD

PRICE/SF

$294 USD /SF

# OF UNITS

12

PRICE/UNIT

$232,917

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1930

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,721 SF

ZONING

R-P

APN/PARCEL ID

PROV-140344-000000-000000

ASK ABOUT THIS PROPERTY

Leeds Mitchell IVMG Commercial Real EstateMore Info
401-751-3200

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

Leeds Mitchell IVMG Commercial Real EstateMore Info
401-751-3200

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