73 Health Avenue Providence, RI 02908
17 bed / 4 bath / 5,820 Sq. Ft. / 4,522 Sq. Ft., 0.104 acres lot size / Multi-Family
Status: Sold
Listing Courtesy of: John Slyman - New England Apartment Group +1 508 330 0325
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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.
property details
Type
Multi-Family
Status
Closed
County
Providence
Year Built
1900
Beds
17
Full Baths
4
Sq. Ft.
5,820
Lot Size
4,522 Sq. Ft., 0.1 acres
Listing Id
1337229
Courtesy Of
John Slyman - New England Apartment Group +1 508 330 0325
List Office Phone
+1 508 330 0325
Subdivision
Mt. Pleasant
Interior Features
Flooring
Hardwood
Living Area Units
Sq. Ft.
Rooms Total
24
Full Baths
4
Bathrooms Total
4
Exterior Features
Lot/Land Description
Corner Lot
Parking
No Garage
Foundation
Concrete Perimeter
Stories
3
Parking Spaces
6
Utility & Building Info
Parcel Number
73HEALTHAVPROV
Cooling
None
Heating
Gas Heat
Baseboard
Baseboard
Tax Amount
20123
Building Area Total
5,820 Sq. Ft.
Above Grade Finished Area
5820 Sq. Ft.
Price Per Sq Ft
$133
Architectural Style
3+ Story
The data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright © 2025 State-Wide MLS, Inc. All rights reserved.
Price History
| date | event | price | source |
|---|---|---|---|
|
02/29/2024
02/29/2024
|
Sold |
$720,000
|
State-Wide MLS/Rhode Island Assoc of Realtors |
|
08/28/2023
08/28/2023
|
Pending |
$775,000
|
State-Wide MLS/Rhode Island Assoc of Realtors |
|
08/10/2023
08/10/2023
|
Active |
$775,000
|
State-Wide MLS/Rhode Island Assoc of Realtors |
|
06/21/2023
06/21/2023
|
Pending |
$775,000
|
State-Wide MLS/Rhode Island Assoc of Realtors |
|
06/07/2023
06/07/2023
|
Active |
$775,000
|
State-Wide MLS/Rhode Island Assoc of Realtors |
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