
Seller's Agent in 2018
Derek Greene
The Greene Realty Group
(860) 560-1006
4 in this area
2,973 Total Sales
Estimated Value: $915,812 - $1,012,000
Location! Location! Location! with tons of historic charm! TURNKEY - Currently the Gross Income is $65,952 - Monthly Income is $5,496 with breakdown being $1,813 1st floor + $1,875 2nd floor + $1,658 for the third floor; plus $150+ a month for laundry. Pro forma based on a typical lender downpayment requirements using last year's actual rent/expenses shows Cap Rate of approx. 10% + ROI of 20%. Before Tax Cashflow of over $2000 monthly, Annualized Profit of $24,070 after expenses. Gorgeous historic building - 3 large sunny units, each with 3 HUGE bedrooms! Many bedrooms feature walk in closets, up to 16'+ long. Units have tall ceilings, great layouts with lots of original character and details like chandelier, gorgeous original hardwood floors, etc! Awesome cable lighting. Tall windows, all replaced. All brand new siding and new roofs. Updated Gas baseboard heating on all floors. Parking for at least 6 cars. Right in the heart of Providence's Little Italy, aka Federal Hill. Quick stroll to everything! Halfway between historic Broadway and Atwells Ave in Federal Hill. These units offer interesting details and are very close to lots of stores, restaurants, bars, bakeries, Providence Place Mall, the train to NYC/Boston. Highly desirable location. Tenants pay Gas & Electric. Updated utilities with a house meter is in place. Lots of parking in the back parking lot. A nice, bright and finished (drywalled and tile) laundry room with coin-op.
Last Agent to Sell the Property
The Greene Realty Group License #REB.0016396 Listed on: 02/28/2018
Date | Buyer | Sale Price | Title Company |
---|---|---|---|
Mapakshi Rajesh R | $485,000 | -- | |
Mapakshi Rajesh R | $485,000 | -- | |
Hand Leslie C | $379,000 | -- | |
Hand Leslie C | $379,000 | -- | |
Lantern Holdings Llc | $234,000 | -- | |
Lantern Holdings Llc | $234,000 | -- | |
F & H Associates | $30,000 | -- | |
F & H Associates | $30,000 | -- | |
Renaissance Investment | $12,500 | -- | |
Renaissance Investment | $12,500 | -- | |
Hanlon Paul F | $98,000 | -- | |
Hanlon Paul F | $98,000 | -- | |
Hughes John Michael | $36,000 | -- | |
Hughes John Michael | $36,000 | -- |
Date | Status | Borrower | Loan Amount |
---|---|---|---|
Open | Mapakshi Rajesh R | $354,000 | |
Closed | Singh Manish | $354,000 | |
Closed | Mapakshi Rajesh R | $363,750 | |
Previous Owner | Hughes John Michael | $281,250 |
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
05/17/2018 05/17/18 | Sold | $485,000 | -2.8% | $92 / Sq Ft |
04/17/2018 04/17/18 | Pending | -- | -- | -- |
02/28/2018 02/28/18 | For Sale | $499,000 | -- | $95 / Sq Ft |
Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
---|---|---|---|---|
2024 | $11,937 | $650,500 | $209,600 | $440,900 |
2023 | $11,937 | $650,500 | $209,600 | $440,900 |
2022 | $11,579 | $650,500 | $209,600 | $440,900 |
2021 | $9,935 | $404,500 | $133,900 | $270,600 |
2020 | $9,935 | $404,500 | $133,900 | $270,600 |
2019 | $9,935 | $404,500 | $133,900 | $270,600 |
2018 | $7,066 | $221,100 | $77,400 | $143,700 |
2017 | $7,066 | $221,100 | $77,400 | $143,700 |
2016 | $7,066 | $221,100 | $77,400 | $143,700 |
2015 | $6,951 | $210,000 | $77,400 | $132,600 |
2014 | $7,462 | $221,100 | $77,400 | $143,700 |
2013 | $7,462 | $221,100 | $77,400 | $143,700 |
Seller's Agent in 2018
Derek Greene
The Greene Realty Group
(860) 560-1006
4 in this area
2,973 Total Sales
Source: State-Wide MLS
MLS Number: 1183905
APN: PROV-280726-000000-000000