SOLDMultiFamily
Residential Properties Ltd. Brokers Sell Providence Multifamily For $1.7M
214 Olney Street, Providence, RI 02906, USA
$1,725,000
$332/SF
Building Size
5,190 SF
Asset Type
MultiFamily
Closing
Sep 10, 2021
AI
The multifamily property located at 214 Olney St in Providence, RI was recently sold for a price of $1,725,000. The property spans 5,190 square feet, resulting in a price per square foot of $332.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,725,000
- Address: 214 Olney St, Providence, RI
- Market: Providence, RI
- BROKERS: Jim DeRentis & Lynn Leffray McCall - Residential Properties Ltd.
Jim DeRentis and Lynn Leffray McCall from Residential Properties Ltd. were the brokers involved in the deal.
Players
Providence MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.20%
Cash-on-Cash
-2.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93