7.5% CAP in Federal Hill - Multifamily 6-Unit 125 Knight St 6 Unit Apartment Building $950,000 ($158,333/Unit) 7.54% Cap Rate Providence, RI 02909
EXECUTIVE SUMMARY
6-Unit Multifamily in Federal Hill of Providence
Unrealized rent growth for new owner. Rents currently below market.
Four Parking Spaces
Unrealized rent growth for new owner. Rents currently below market.
Four Parking Spaces
PROPERTY FACTS
| Price | $950,000 |
| Price Per Unit | $158,333 |
| Sale Type | Investment |
| Cap Rate | 7.54% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 9,064 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1900 |
| Parking Ratio | 0.49/1,000 SF |
| Cross Streets | Penn St |
| Zoning | R3 - Apartment |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Refrigerator
- Range
- Smoke Free
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Smoke Free
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 6 | - | - |
1 of 1
Walk Score®
Walker's Paradise (95)
Bike Score®
Very Bikeable (81)
PROPERTY TAXES
| Parcel Number | PROV-330040-000000-000000 | Improvements Assessment | $450,700 |
| Land Assessment | $66,000 | Total Assessment | $516,700 |
