121 SECOND ST EAST PROVIDENCE, RI 02914

Features

• Price/sqft: $203
• Lot Size: 5225 sq. ft.
• Total Units: 4
• Total Rooms: 8
• Stories: 200
• Roof Type: Asphalt
• Heating: Hot Water
• Exterior Walls: Siding (Alum/Vinyl)

Facts

• Year Built: 01/01/1910
• Property ID: 698751058
• Parcel Number: EPRO M:017 B:03 L:008 U:
• Property Type: Townhouse or Condo
• County: PROVIDENCE

Description

This property is offered for sale directly by the owner. For Sale By Owner homes, also known as FSBOs, can be a good buying opportunity, because the owner will save up to 6% when there are no brokers involved in the transaction. This leaves more room for price negotiation and potential buyer savings.

This listing is NOT a foreclosure. Rare 4 unit multifamily in a beautiful and quite neighborhood in East Providence. All units are leased. Very close to 195. Just few minutes walk to Bold Point Park along Providence River.3 of the 4 units were upgraded in the last 2 years. This is an excellent property for an investor looking for very good cash flow.Cap rate > 8.5. This multifamily generates a gross income of over 40k and net income of around 28k per year.