55 Methyl Street

Multi-Family for Sale
Catylist Listing ID: 30139313
Property Subtypes: Duplex/Fourplex
Number of Units: 2 Units
Building Size (RSF): 3,100 SF
Gross Building Area: See Agent
Sale Price: $485,000
Unit Price: $242,500 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 7.0%
Average Occupancy Rate: 100
Last Updated: 11/6/2017

Overview / Comments

Large 2 Family property in fantastic location near Hope Village and Blackstone Blvd on Providence's Premier East Side Neighborhood. First floor 2 BR, 1 Bath, Living Room, Dining Room, Eat in Kitchen. Second and third floor is a 5 BR Townhouse with 2 Baths. Each unit has laundry and separate utilities. Nice, spacious apartments with great rents in great neighborhood. Great investment yielding a 7% return/cap rate.

Additional Details

Nearest MSA: Providence-Warwick
County: Providence
Site Description: Off Street parking for 4-8 cars.
Exterior Description: Clapboard and shingle.
Parking Description: Ample off street parking
Total Parking Spaces: 8
Laundry: In Each Unit
Heat Type: Natural Gas
Heat Source: Baseboard
Fuel: Gas
Air Conditioning: Window Unit

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,399 239,086 421,619
Median Age: 38.14 34.29 35.5
Households: 8,097 92,978 161,020
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