$675,000
$749,000
9.9%For more information regarding the value of a property, please contact us for a free consultation.
16 Larchmont North Providence, RI 02911
20 Beds
10 Baths
8,176 SqFt
Key Details
Sold Price $675,000
Property Type Multi-Family
Sub Type 5+ Family - 5+ Units Side by Side
Listing Status Sold
Purchase Type For Sale
Square Footage 8,176 sqft
Price per Sqft $82
MLS Listing ID 72494567
Sold Date 08/16/19
Bedrooms 20
Full Baths 10
Year Built 1900
Annual Tax Amount $15,664
Tax Year 2018
Lot Size 0.340 Acres
Acres 0.34
Property Sub-Type 5+ Family - 5+ Units Side by Side
Property Description
Property Is Priced To Yield An 8.5% Cap Rate, With a Cash On Cash Return Of 18.5%. All Units Are Identical, Four Room/Two Bedroom Apartments With Private Basements And Individual Utilities. 100% Occupied. In High Demand Due To Style And Location. Property Could Use Cosmetic Upgrades, But Well Worth The Sweat Equity.
Location
State RI
County Providence
Zoning RG
Direction GPS
Exterior
Total Parking Spaces 10
Garage No
Building
Lot Description Corner Lot
Story 10
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
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Bought with Raymond R. Clements • Investment Property Advisors
