16 Joseph Street

    Providence, RI 02904
    • $459,900
    • STATUS: Active Under Contract
    • ON SITE: 22 days
    • MLS #: 1249772
    Under Contract
    UPDATED: 36 min ago
    $459,900
    • 0
      BEDS
    • 0.24
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    Built:
    1990
    County:
    Area:

    School Ratings & Info

    Description

    Roughly $72,000 in annual gross rents at an approximate 8% Capitalization Rate (see attached profit and loss). Built in 1990 this rare newer construction 6-unit property is your ideal investment. All apartments are 2 bedrooms. All separate gas utilities with forced air heating systems and hot water tanks located in a utility closet in each apartment make for convenient access and maintenance. Each apartment also has circuit breaker panels located in the apartment for convenient access to tenants. This property already has a local fire alarm system installed along with hard wired smokes/cos. Vinyl siding, coin operated washer and dryer in common area, loads of off-street parking, and easy access to North Providence and 146/95 in Providence make this the ideal commuter location.

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    © 2020 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than The Martone Group are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or The Martone Group. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2020-04-09T15:37:38.233.
    www.martonegroup.com/homes/104247751

    16 Joseph Street Providence, RI 02904

    • Price: $459,900
    • Status: Active Under Contract
    • Updated: 36 min ago
    • MLS #: 1249772
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.24
    Acres
    1990
    Built
    County:
    Providence
    Area:
    Providence
    Property Description
    Roughly $72,000 in annual gross rents at an approximate 8% Capitalization Rate (see attached profit and loss). Built in 1990 this rare newer construction 6-unit property is your ideal investment. All apartments are 2 bedrooms. All separate gas utilities with forced air heating systems and hot water tanks located in a utility closet in each apartment make for convenient access and maintenance. Each apartment also has circuit breaker panels located in the apartment for convenient access to tenants. This property already has a local fire alarm system installed along with hard wired smokes/cos. Vinyl siding, coin operated washer and dryer in common area, loads of off-street parking, and easy access to North Providence and 146/95 in Providence make this the ideal commuter location.
    Exterior Features

    Levels Two Parking Total 10

    Interior Features

    Basement None Basement YN No Heating Forced AirZoned

    Property Features

    Association Fee 0 Association Fee Frequency Annually Electric 100 Amp ServiceCircuit Breakers Gross Income 72600 Land Lease YN No Laundry Features Common Area Operating Expense 33460 Owner Pays SewerTrash CollectionWater Property Sub Type Commercial Road Surface Type Asphalt Sewer ConnectedPublic Sewer Tax Annual Amount 15344 Tax Assessed Value 418100 Tax Lot 687 Tax Year 2019 Tenant Pays Cable TvElectricityGas Utilities Electricity AvailableNatural Gas AvailableMunicipal UtilitiesWater ConnectedSewer Connected Water Source Connected

    Listing information © 2020 State-Wide Multiple Listing Service.
    Listing provided courtesy of Keller Williams Realty Nri.





    © 2020 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than The Martone Group are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or The Martone Group. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2020-04-09T15:37:38.233.
     
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    Smithfield RI, 02917