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73 Health Avenue Providence

$720,000
17 4 5,820 sq ft

The Property

Back on market due to sale of buyer’s property falling through! Cash flow day 1 at 73 Health, a large 6-unit building with a unit mix of (5) three-bed/one-bath units and (1) two-bed/one-bath units. 8.% cap rate with a 10% cap and 15% cash on cash returns at pro-forma. This building is fully occupied and has a history of high occupancy. Tenants pay all utilities.

Total pro-forma income of $120,000 and current income of $97,680. Off-Street parking spaces for tenants. This is a great opportunity to acquire an asset that cash flows day one and still has significant upside in the rent roll. Financials available upon request.

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Listing Details

MLS Number

1337229

Lot Size:

0.10 acres

Features

  • Basement: Full
  • Vinyl Siding
  • Heating: Baseboard
  • Heating Fuel: Gas
  • Laundry
  • Corner
  • Type: Apartment
  • Year Built: 1900

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Market Trends for Multi Family Homes
in Providence

  • Overview
    Homes for Sale Today60-97.3% decrease in inventory
    New on Market *6520.4% increase in new listings
    Avg. Asking Price/Sq.Ft. *$229.95$28 increase in List Price/Sq.Ft.
    Avg. Sale Price *$652,047$87,786 increase in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *103.98%3.1% increase in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$224.98$21 increase in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *728 increase in days on market

    * All data is calculated based on the last 30 days

  • Avg. Sale Price
  • Avg. Days on the Market
  • New Market Inventory
  • Lila's Estimate

    Realtors Property Resource

    This is an estimate home valuation provide by RPR. It is based on RPR’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    ...

    Zillow

    This is an estimate home valuation provide by Zillow. It is based on Zillow’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    Real value?

    Contact Us

    Online estimates take you only so far. One of our associates can give you a market analysis of what your homes value.

Listed by New England Apartment Group

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