Northeast Private Client Group Broker Tim McGeary Sells Mixed-use Property In Providence For $5.65M
SOLD
$5,650,000
Rhode Island
See Similar DealsMixed-use20,486 SF
Sold 08/04/2020
SOLD
Northeast Private Client Group Broker Tim McGeary Sells Mixed-use Property In Providence For $5.65M
125 Atwells Avenue, Providence, RI 02903
See Similar DealsMixed-use20,486 SF
Sold 08/04/2020
Summary
RHODE ISLAND
Asset Type:Mixed-use
Price Per Square Foot:$275
Total Square Footage:20,486 SF
Transaction Type:Sale
The mixed-use property located at 125 Atwells Avenue in Providence, RI has been sold for a price of $5,650,000. The transaction took place on 08/04/2021. The property consists of 23 units, resulting in a price per unit of $245,652.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $5,650,000
- Address: 125 Atwells Avenue
- Market: Providence, RI
- Units: 23
- Price per Unit: $245,652
The sale was facilitated by Tim McGeary from the Northeast Private Client Group.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$301,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,073.27
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,783.88
Annual Debt Service$321,406.59
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