88 Gansett Avenue

Multi-Family for Sale
Catylist Listing ID: 29972911
Property Subtypes: Duplex/Fourplex, Mixed Use
Number of Units: 3 Units
Building Size (RSF): 2,561 SF
Gross Building Area: 2,787 SF
Gross Land Area: 6,637 SF
Sale Price: $229,900
Unit Price: $76,633.33 Per Unit
Property Use Type: Investment, Vacant/Owner-User
Building Name: 88 Gansett Avenue
Usable Size (USF): 2,561 SF
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 12/10/2017

Overview / Comments

Solid mixed use/multi family currently rented as 3 apartments (2 LEGAL PLUS EFFICENCY). Ideal property for live/work, potential for first floor professional office and residence/apartment upstairs. Large garage ideal for workshop or rent for additional rental income. Handicap ramp provides easy access to first floor. Corner lot with great visibility and parking for 8 vehicles. Directly across from Bain Middle School and walking track. Only minutes away from highway access.
$3,100 in monthly revenue from two, 2 bedroom units and one efficiency.

Rental Income: $36,100
Property Taxes: $5,398
Insurance: $4,073
Gas(heat/hw): $2,657
Electric: $3,937
Sewer: $1,054
Water: $757


Finance Data Year 2015
Real Estate Taxes - Annual($) $5,398 (Annual)
Tax Value Land $53,400
Tax Value Improvements $106,900
Assessed Value - Total($) $160,300 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Providence-Warwick
County: Providence
Taxing Authority: City of Cranston
Tax ID/APN: 7/5/2034 & 2035
Zoning: B1
Percent Occupied: 100%
Property Located Between: Cranston Street and Park Avenue
Total Number of Buildings: 1
Property Condition: Average
Number of Stories: 2
Year Built: 1926
Year Renovated: 2005
Roof Type: Arched
Construction/Siding: Wood Frame
Parking Type: Surface
Total Parking Spaces: 8
Laundry: Shared
Heat Type: Natural Gas
Heat Source: Baseboard, Central
Fuel: Gas
Air Conditioning: Window Unit
Lot Frontage: 88'
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 22,417 200,249 375,864
Median Age: 39.03 34.35 36.36
Households: 9,139 73,492 143,863


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