98-102 Penn Street 98 Penn St 8 Unité Immeuble d’appartements 2 861 360 $ CAD (357 670 $ CAD/Unité) Providence, RI 02909
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FAITS SAILLANTS DE L'INVESTISSEMENT
- Prime Multi-Family Investment Portfolio in Providence’s West Side
- Three adjacent multi-family properties
- 98, 100, & 102 Penn Street, Providence, RI
RÉSUMÉ DE L'ANNONCE
Prime Multi-Family Investment Portfolio in Providence’s West Side
Located in Providence's highly sought-after West Side neighborhood, this exceptional investment portfolio comprises three adjacent multi-family properties: 98, 100, and 102 Penn Street. The West Side is renowned for its eclectic charm and vibrant community, making properties here rarely available and highly prized.
This unique opportunity offers strong income potential, streamlined management, and future possibilities for condo conversion. The portfolio includes:
• 98 Penn Street: A well-maintained three-family home featuring three two-bedroom, one-bath units with hardwood floors, architectural details, and updated mechanicals. Long-term tenancy has kept rents below market, presenting immediate value-add potential.
• 100 Penn Street: A modern two-family home with immaculate, contemporary units offering spacious layouts and turn-key efficiency. This newer construction property appeals to renters seeking modern amenities.
• 102 Penn Street: A large three-family property with two three-bedroom, one-bath units and one two-bedroom, one-bath unit. It features a maintenance-free exterior, updated interiors, and ample off-street parking.
Conveniently situated between Atwells Avenue and Broadway, these properties offer tenants easy access to downtown Providence, the East Side, hospitals, highways, and the train station. With long-term occupancy, below-market rents, and strong appreciation potential, this portfolio generates immediate cash flow with significant upside. This rare opportunity allows investors to acquire a well-positioned, income-producing asset in one of Providence’s most vibrant and in-demand neighborhoods.
Located in Providence's highly sought-after West Side neighborhood, this exceptional investment portfolio comprises three adjacent multi-family properties: 98, 100, and 102 Penn Street. The West Side is renowned for its eclectic charm and vibrant community, making properties here rarely available and highly prized.
This unique opportunity offers strong income potential, streamlined management, and future possibilities for condo conversion. The portfolio includes:
• 98 Penn Street: A well-maintained three-family home featuring three two-bedroom, one-bath units with hardwood floors, architectural details, and updated mechanicals. Long-term tenancy has kept rents below market, presenting immediate value-add potential.
• 100 Penn Street: A modern two-family home with immaculate, contemporary units offering spacious layouts and turn-key efficiency. This newer construction property appeals to renters seeking modern amenities.
• 102 Penn Street: A large three-family property with two three-bedroom, one-bath units and one two-bedroom, one-bath unit. It features a maintenance-free exterior, updated interiors, and ample off-street parking.
Conveniently situated between Atwells Avenue and Broadway, these properties offer tenants easy access to downtown Providence, the East Side, hospitals, highways, and the train station. With long-term occupancy, below-market rents, and strong appreciation potential, this portfolio generates immediate cash flow with significant upside. This rare opportunity allows investors to acquire a well-positioned, income-producing asset in one of Providence’s most vibrant and in-demand neighborhoods.
BILAN FINANCIER (RÉEL - 2024) |
ANNUEL (CAD) | ANNUEL PAR pi² (CAD) |
|---|---|---|
| Revenu de location brut |
223 615 $
|
100,23 $
|
| Autres revenus |
-
|
-
|
| Perte due à l’inoccupation |
-
|
-
|
| Revenu brut effectif |
223 615 $
|
100,23 $
|
| Taxes |
-
|
-
|
| Dépenses d’exploitation |
-
|
-
|
| Total des dépenses |
50 154 $
|
22,48 $
|
| Revenu net d’exploitation |
173 461 $
|
77,75 $
|
FAITS SUR LA PROPRIÉTÉ
| Prix | 2 861 360 $ CAD |
| Prix par unité | 357 670 $ CAD |
| Type de vente | Investissement |
| Nombre d’unités | 8 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Classe d’immeuble | C |
| Taille du lot | 0,18 AC |
| Taille du bâtiment | 6 332 pi² |
| Nombre d’étages | 3 |
| Année de construction | 1920 |
| Ratio de stationnement | 0,47/1 000 pi² |
COMMODITÉS DES UNITÉS
- Cuisine avec coin repas
- Sous-sol
UNITÉ RENSEIGNEMENTS SUR LE MÉLANGE
| DESCRIPTION | NOMBRE D’UNITÉS | LOYER MOYEN/MOIS | pi² |
|---|---|---|---|
| 2+1 | 6 | 2 432 $ CAD | 847 - 1 092 |
| 3+1 | 2 | 2 182 $ CAD | 1 092 |
1 of 1
Walk Score®
Un paradis pour un marcheur (93)
Bike Score®
Très cyclable (83)
ZONAGE
| Code de zonage | R3 (R3 zone) |
CONTACT
-
Joy Riley -
Westcott Properties
