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Federal Hill - Multifamily 6-Unit 125 Knight St 6 Unit Apartment Building $995,000 ($165,833/Unit) 7.20% 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
7.2% CAP Rate
Unrealized rent growth for new owner. Rents currently below market.
Four Parking Spaces
7.2% CAP Rate
Property Facts Under Contract
| Price | $995,000 | Building Class | C |
| Price Per Unit | $165,833 | Lot Size | 0.06 AC |
| Sale Type | Investment | Building Size | 9,064 SF |
| Cap Rate | 7.20% | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | Parking Ratio | 0.49/1,000 SF |
| Apartment Style | Low-Rise | Cross Streets | Penn St |
| Zoning | R3 - Apartment | ||
| Price | $995,000 |
| Price Per Unit | $165,833 |
| Sale Type | Investment |
| Cap Rate | 7.20% |
| 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 1
Exceptionally walkable
100/100
Fairly drivable
50/100
Some public transit
50/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | PROV-330040-000000-000000 | Improvements Assessment | $641,700 |
| Land Assessment | $66,000 | Total Assessment | $707,700 |
Property Taxes
Parcel Number
PROV-330040-000000-000000
Land Assessment
$66,000
Improvements Assessment
$641,700
Total Assessment
$707,700
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Contact the Sale Advisor
Federal Hill - Multifamily 6-Unit | 125 Knight St