293-295 Governor St | Providence, RI 02906
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293-295 Governor St
Providence, RI 02906
Permitted 10-Unit - Value Add. · Multifamily Property For Sale
·
9 Units
PROPERTY FACTS
| No. Units | 9 | Building Size | 7,842 SF |
| Property Type | Multifamily | Average Occupancy | 11% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1885 |
| Building Class | C | Parking Ratio | 1.53/1,000 SF |
| Lot Size | 0.34 AC | Cross Streets | Angell St |
| Zoning | R-P - Permitted 9 MF units and 1 Medical Office | ||
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 7,842 SF |
| Average Occupancy | 11% |
| No. Stories | 3 |
| Year Built | 1885 |
| Parking Ratio | 1.53/1,000 SF |
| Cross Streets | Angell St |
| Zoning | R-P - Permitted 9 MF units and 1 Medical Office |
AMENITIES
SITE AMENITIES
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ABOUT 293-295 GOVERNOR ST , PROVIDENCE, RI 02906
On Governor Street in the heart of the East Side, providing a superior location for student housing. Being sold "as is" after inspections. Estimated to take approximately $600,000 to complete construction. At a 6.5% CAP the completed project value projected at $2,433,000. ** Building is condo complex. Highest and Best use analysis suggests selling 6 upper level condos and retaining three lower units and medical office. Sellout and value at $2,850,000 in this scenario.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 9 | - | - |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $577,000 | |
| Land Assessment | $0 | Total Assessment | $577,000 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$577,000
Total Assessment
$577,000
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