Marcus & Millichap Sells Multifamily Property In Providence, RI For $620K
SOLD
$620,000
Rhode Island
See Similar DealsMultiFamily3,506 SF
Sold 08/11/2020
SOLD
Marcus & Millichap Sells Multifamily Property In Providence, RI For $620K
45 Mawney St, Providence, RI 02907, USA
See Similar DealsMultiFamily3,506 SF
Sold 08/11/2020
Summary
RHODE ISLAND
Asset Type:MultiFamily
Price Per Square Foot:$176
Total Square Footage:3,506 SF
Transaction Type:Sale
The multifamily property located at 45 Mawney Street in Providence, RI has been sold for a price of $620,000. The property spans an area of 3,506 square feet, resulting in a price per square foot of $177.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $620,000
- Address: 45 Mawney Street, Providence, RI
- Market: Providence, RI
- Brokers: Matthew Pierce & Harry Verenis – Marcus & Millichap
The deal was facilitated by Matthew Pierce & Harry Verenis from Marcus & Millichap. They served as the brokers representing the buyer and seller in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$33,066.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$2,202.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$2,939.12
Annual Debt Service$35,269.40
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