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:
- Property Type: Multifamily
- Transaction Amount: $1,155,000
- Address: 300 Smithfield Road
- Market: North Providence, RI
- Units: 7
- Buyer's Rep: Deborah Gold - Coldwell Banker
- Seller's Rep: Michael Alves - Keller Williams
- Price Per Unit: $165,000
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
North Providence MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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