169 Waterman St - Apartments FOR SALE


Providence, RI 02906
$1,650,000 USD
401-286-5931
169 Waterman St, Providence, RI for Sale
$1,650,000 USD
Apartments - FOR SALE
1/5
null | Request Cap Rate

169 Waterman St
Providence, RI 02906


OVERVIEW

Rare opportunity to own this 7 unit apartment building in the heart of College Hill/Wayland neighborhoods. Quick walk (4 blocks) to Brown Campus and Thayer Street make this a high demand location. Currently used as cooperative housing with 6 units rented well below market and 1 vacant unit. All leases expire in August 2024. Opportunity awaits to reposition this investment property-choose your own tenants and set your own rents! Each unit has its own gas meter and boiler. Gas fired hot water tanks are on a house meter. 1 electric meter. Small laundry room on site for Tenants. Hardwood floors and fireplaces give these apartments charm. Vinyl siding and replacement windows provide easy upkeep. Parking for up to 7 cars on property plus street parking available. Fire code compliant.

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$243 USD /SF

# OF UNITS

7

PRICE/UNIT

$235,714

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rare 7 Units Near Brown University

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,800 SF

ZONING

R3

APN/PARCEL ID

PROV-140553-000000-000000

ASK ABOUT THIS PROPERTY

Stacia PietropaoloRE/MAX ProfessionalsMore Info
401-286-5931

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Stacia PietropaoloRE/MAX ProfessionalsMore Info
401-286-5931

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.