Multifamily
50 Henrietta Street Providence RI
50 Henrietta St, Providence, RI 02904
Listing Price: $1,150,000
Investment Overview
Marcus & Millichap is pleased to exclusively present 50 Henrietta Street for sale, a multifamily investment opportunity consisting of 8 apartments located in Providence, Rhode Island.
Located in very close proximity to both Providence College and Brown University, two of New England's best educational institutions, the subject property is on the outskirts of a robust student housing rental market where rents currently exceed $1,200 per BEDROOM and similar apartment buildings are currently selling for $300,000 per unit while 50 Henrietta is asking only $143,750 per unit.
50 Henrietta Street Providence RI
Investment Highlights
- Offered at Attractive Basis of $143,750 Per Unit.
- Large Average Unit Size | 1 Beds Average 770 Square Feet | 2 Beds Average 850 Square Feet
- Current ownership pays 65% of the utility bills with ability to fully transfer expenses onto tenants
- Highly Financeable
- No major Capital Expenditures Required to Achieve Pro-Forma
Exclusively Listed By
Broker of Record
-
Thomas Shihadeh
Vice President/Regional Manager
Financing By
Listing Price: $1,150,000
Investment Highlights
- Offered at Attractive Basis of $143,750 Per Unit.
- Large Average Unit Size | 1 Beds Average 770 Square Feet | 2 Beds Average 850 Square Feet
- Current ownership pays 65% of the utility bills with ability to fully transfer expenses onto tenants
- Highly Financeable
- No major Capital Expenditures Required to Achieve Pro-Forma
Investment Overview
Marcus & Millichap is pleased to exclusively present 50 Henrietta Street for sale, a multifamily investment opportunity consisting of 8 apartments located in Providence, Rhode Island. Located in very close proximity to both Providence College and Brown University, two of New England's best educational institutions, the subject property is on the outskirts of a robust student housing rental market where rents currently exceed $1,200 per BEDROOM and similar apartment buildings are currently selling for $300,000 per unit while 50 Henrietta is asking only $143,750 per unit.
Exclusively Listed By
Broker of Record
-
Thomas Shihadeh
Vice President/Regional Manager
Financing By
