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300 Smithfield Road

Deborah Gold Of Coldwell Banker Represents Buyer In $1.155M Multifamily Sale
SOLDMultiFamily

Deborah Gold Of Coldwell Banker Represents Buyer In $1.155M Multifamily Sale

300 Smithfield Road

$1,155,000

Building Size

Asset Type

MultiFamily

Closing

May 10, 2024

AI

The seven-unit property known as Country Lane Estates at 300 Smithfield Rd. in North Providence, RI, was recently sold for $1.155 million in a transaction brokered by Michael Alves of Elite Commercial Realty at KW Commercial. Each unit was sold at an average price of $165,000.

Summary of transaction details:

The sale of Country Lane Estates was successfully facilitated through the expertise of Michael Alves from Elite Commercial Realty at KW Commercial, representing the seller in this significant transaction.

Players

Michael Alves

Keller Williams Realty

Broker

$6.4M

vol

5 deals

Broker

North 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

13.73%

Cash-on-Cash

-3.93%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93