73 Health Av
Providence, RI 02908
- 17 beds
- 4 baths
- 4,800 sqft
- 4,522 sqft lot
- $150 per sqft
- 1900 build
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Back on market due to sale of buyer's property falling through! Cash flow day 1 at 73 Health, a large 6-unit building with a unit mix of (5) three-bed/one-bath units and (1) two-bed/one-bath units. 8.% cap rate with a 10% cap and 15% cash on cash returns at pro-forma. This building is fully occupied and has a history of high occupancy. Tenants pay all utilities. Total pro-forma income of $120,000 and current income of $97,680. Off-Street parking spaces for tenants. This is a great opportunity to acquire an asset that cash flows day one and still has significant upside in the rent roll. Financials available upon request.
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Last updated Apr 27, 2024
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MLS# 1337229 —
Walk Score®
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Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
11/8/23
Nov 8, 2023
|
Sold | RIMLS | $720,000 | -7.1% |
|
8/28/23
Aug 28, 2023
|
Pending | RIMLS | $775,000 | |
|
8/10/23
Aug 10, 2023
|
Relisted | RIMLS | $775,000 |