PROFITABLE ROOMING HOUSE FOR SALE

Multi-Family for Sale
Catylist Listing ID: 30118745
Property Subtypes: Mixed Use, Other
Number of Units: 16 Units
Building Size (RSF): 6,975 SF
Gross Building Area: See Agent
Sale Price: $325,000
Unit Price: $20,312.50 Per Unit
Property Use Type: Investment
Building Name: Phenix Hotel
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 7/23/2017

Overview / Comments

Excellent investment opportunity. 15 room boarding house with the possibility to expand to 21+ rooms. Retail space and function room on first floor. Replacement windows, young roof and boiler. Walking distance to laundromat, food, gas and bank.

Additional Details

Nearest MSA: Providence-Warwick
County: Kent
Percent Occupied: 100%
Total Number of Buildings: 1
Property Condition: Average
Number of Stories: 4
Year Built: 1871
Parking Type: Surface
Heat Type: Oil
Heat Source: Other
Fuel: Oil

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,917 60,543 152,385
Median Age: 39.22 41.63 42.68
Households: 4,132 25,562 62,361

Contact

Photograph of Listing Agent

Rob Paliotta

ROPAL REALTY RICIE Member

Source

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