Multifamily

177 Albert Ave

177 Albert Ave, Cranston, RI 02905

Listing Price: $880,000

Cap Rate
8.30%
Number of Units
4
GRM
8.73
Occupancy
97.00%
Price/Unit
$220,000
Price/Gross SF
$153.31
Gross SF
5,740

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing of 177 Albert Ave located in Cranston, Rhode Island. The property consists four (4) apartments including two 2-bedroom 1-bathroom units and two 2-bedroom 2-bathroom townhouse-style units with private balconies. 177 Albert Ave sits on an oversized 10,620 SqFt lot with ample off street parking spaces including two private garage spots.

Located in the desirable Edgewood neighborhood of Cranston and minutes to Pawtuxet Village, the property was extensively renovated in 2019 including new kitchens featuring quartz counter-tops, stainless steel appliances and refinished original hardwood floors. The townhouse units feature master bedrooms with private bathrooms, walk-in showers, in-unit washer /dryer, and are equipped with three mini-split heating / cooling units.

Investment Highlights

  • $8,100 in monthly rent
  • Separately metered utilities paid for by tenants.
  • Renovated in 2019

Exclusively Listed By

Listing Price: $880,000

Cap Rate
8.30%
Number of Units
4
GRM
8.73
Occupancy
97.00%
Price/Unit
$220,000
Price/Gross SF
$153.31
Gross SF
5,740

Investment Highlights

  • $8,100 in monthly rent
  • Separately metered utilities paid for by tenants.
  • Renovated in 2019

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing of 177 Albert Ave located in Cranston, Rhode Island. The property consists four (4) apartments including two 2-bedroom 1-bathroom units and two 2-bedroom 2-bathroom townhouse-style units with private balconies. 177 Albert Ave sits on an oversized 10,620 SqFt lot with ample off street parking spaces including two private garage spots.

Located in the desirable Edgewood neighborhood of Cranston and minutes to Pawtuxet Village, the property was extensively renovated in 2019 including new kitchens featuring quartz counter-tops, stainless steel appliances and refinished original hardwood floors. The townhouse units feature master bedrooms with private bathrooms, walk-in showers, in-unit washer /dryer, and are equipped with three mini-split heating / cooling units.

Exclusively Listed By

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