3-5 Morrill Ln - Apartments FOR SALE


North Providence, RI 02904- Outer Downcity/East Side
$4,300,000 USD
508-726-3492
3-5 Morrill Ln, North Providence, RI for Sale
$4,300,000 USD
Apartments - FOR SALE
1/37
null | 2.55% Cap Rate

3-5 Morrill Ln
North Providence, RI 02904
Outer Downcity/East Side


HIGHLIGHTS

  • Luxury 3 Bedroom Condo Townhouses

OVERVIEW

ATTENTION INVESTORS An exceptional and rare investment opportunity in North Providence! This meticulously maintained condo townhouse complex consists of 12 well-appointed residential units. Each unit offers three levels of living space, featuring 3 spacious bedrooms, 2.5 baths, and generous outdoor deck/patio areas on every floor. Each unit also boasts a garage and driveway space for added convenience. With central heating and A/C throughout, these units offer year-round comfort. All units are fully rented, ensuring a steady income stream and making this a highly profitable investment. Situated in a prime, highly sought-after location, this is a must-see for investors seeking a stable and lucrative property. Don't miss this incredible opportunity to add a high-performing asset to your portfolio with lots of upside rental potential! Great opportunity to buy all condos and split up to sell separately, approximately $600k profit!

FOR SALE DETAILS

PRICE

$4,300,000 USD

PRICE/SF

$184 USD /SF

# OF UNITS

12

PRICE/UNIT

$358,333

CAP RATE

2.55%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2005

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.93 AC

LAND SF

40,518 SF

ZONING

-

APN/PARCEL ID

NPRO-000002-000000-000312-000011-K

ASK ABOUT THIS PROPERTY

Kyle SeybothCentury 21 The Seyboth TeamMore Info
508-726-3492

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Kyle SeybothCentury 21 The Seyboth TeamMore Info
508-726-3492

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