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17 Ledge St 6 Unit Apartment Building $975,000 ($162,500/Unit) 5.63% Cap Rate Providence, RI 02904
Investment Highlights
- Great parking, Newer Roof
- Great floor plan and bedroom sizes, excellent build quality.
- Owner Occupied Commercial building
Executive Summary
Exceptional 6-unit investment opportunity in Providence. Proposed Cap Rate of 11.06%, this Well Maintained owner occupied updated multi-family commercial residential property featuring a total of 13 bedrooms across six units. This income producing asset offers strong rental potential with an energy efficient heating system already in place, helping reduce operating costs. Situated on an oversized lot with ample parking for 15+ vehicles- an uncommon and highly desirable feature for tenants. Centrally located with convenient access to restaurants, shopping, public transportation, and major amenities, making it attractive for both tenants and investors alike. whether you're expanding portfolio or seeking a high-performing asset, this property delivers on location, functionality, and long-term value.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | - | - |
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Some public transit
40/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | PROV-710597-000000-000000 | Total Assessment | $660,700 |
| Land Assessment | $66,000 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $594,700 | Tax Year | 2025 |
Property Taxes
Parcel Number
PROV-710597-000000-000000
Land Assessment
$66,000
Improvements Assessment
$594,700
Total Assessment
$660,700
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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17 Ledge St
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