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Multifamily

College Hill Student Housing

71 Olney St, Providence, RI 02906

Listing Price: $3,195,000

Cap Rate
6.49%
Number of Units
6
Price/Unit
$532,500
Price/Gross SF
$237.69
Gross SF
13,442

Investment Overview

The College Hill Portfolio is a student housing complex featuring 30 single units for students and interns in Providence, RI. Extensive renovations have been carried out down to the studs including all new electric service and wiring, new plumbing, and new HVAC, as well as hardwired fire sprinkler system and alarm system.

Investment Highlights

  • The property is located near Brown University, Johnson & Wales, Rhode Island School of Design, Providence College and Rhode Island College. There is highway access to I-95 (0.5 miles away).
  • Units are fully furnished and equipped. Each bedroom has a queen-sized bed, dresser, nightstand, desk and chair. Common rooms have comfortable chairs and/or couches
  • This portfolio is well-positioned in the market to fill the perennial demand for student housing in Providence and to capture the under-served student population on College Hill and Fox Point.

Exclusively Listed By

Broker of Record

  • Thomas Shihadeh

    Regional Manager

    (617) 896-7220

    License(s) RI: REB.0019374

    Rhode Island

Multifamily

College Hill Student Housing

Listing Price: $3,195,000

Cap Rate
6.49%
Number of Units
6
Price/Unit
$532,500
Price/Gross SF
$237.69
Gross SF
13,442

Investment Highlights

  • The property is located near Brown University, Johnson & Wales, Rhode Island School of Design, Providence College and Rhode Island College. There is highway access to I-95 (0.5 miles away).
  • Units are fully furnished and equipped. Each bedroom has a queen-sized bed, dresser, nightstand, desk and chair. Common rooms have comfortable chairs and/or couches
  • This portfolio is well-positioned in the market to fill the perennial demand for student housing in Providence and to capture the under-served student population on College Hill and Fox Point.

Investment Overview

The College Hill Portfolio is a student housing complex featuring 30 single units for students and interns in Providence, RI. Extensive renovations have been carried out down to the studs including all new electric service and wiring, new plumbing, and new HVAC, as well as hardwired fire sprinkler system and alarm system.

Exclusively Listed By

Broker of Record

  • Thomas Shihadeh

    Regional Manager

    (617) 896-7220

    License(s): RI: REB.0019374

    Rhode Island

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