This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
16-18 Joseph St
Providence, RI 02904
Multifamily Property For Sale
·
6 Units
PROPERTY FACTS
| No. Units | 6 | Building Size | 5,178 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built | 1990 |
| Building Class | C | Parking Ratio | 1.54/1,000 SF |
| Lot Size | 0.23 AC | ||
| Zoning | C-1 | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 5,178 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1990 |
| Parking Ratio | 1.54/1,000 SF |
| Zoning | C-1 |
ABOUT 16-18 JOSEPH ST , PROVIDENCE, RI 02904
Nearly $80,000 in annual gross rents at an approximate 8.8% Capitalization Rate (see attached profit and loss). This property is estimated to yield roughly $17,000 in net cash flow after mortgage. Built in 1990 this rare newer construction 6-unit property is your ideal investment. All apartments are 2 bedrooms. All separate gas utilities with forced air heating systems and hot water tanks located in a utility closet in each apartment make for convenient access and maintenance. Each apartment also has circuit breaker panels located in the apartment for convenient access to tenants. 2 of the apartments have dishwashers installed while several others have space already allocated to install a dishwasher in future. This property already has a local fire alarm system installed along with hard wired smokes/cos. Vinyl siding, coin operated washer and dryer in common area, loads of off-street parking, and easy access to North Providence and 146/95 in Providence make this the ideal commuter location.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 6 | $1,038 | 750 - 850 |
PROPERTY TAXES
| Parcel Number | PROV-790687-000000-000000 | Improvements Assessment | $685,100 |
| Land Assessment | $115,200 | Total Assessment | $800,300 |
PROPERTY TAXES
