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RISSPORT I LLC Sells Multifamily Portfolio In Providence, Cranston, And Pawtucket For $3.95M - Buyer ROSO Investment Realty

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SOLD
$3,950,000

Rhode Island

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MultiFamily
Sold 01/15/2021
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Property Image
SOLD

RISSPORT I LLC Sells Multifamily Portfolio In Providence, Cranston, And Pawtucket For $3.95M - Buyer ROSO Investment Realty

61 Meadow Street, Providence, RI, USA

See Similar Deals
MultiFamily
Sold 01/15/2021
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Summary

RHODE ISLAND
Asset Type:MultiFamily
Transaction Type:Sale

A multifamily property consisting of 65 units was recently sold in Providence, Cranston, and Pawtucket, RI. The property is located at 61 Meadow Street, 1060 Douglas Avenue, 570 Douglas Street, 35 Veto Street, 1912 Broad Street, and 213-225 Walcott Street, as well as 1 & 27 Dexter Court.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,950,000
  • Units: 65
  • Price per Unit: $60,769

The seller, RISSPORT I LLC, sold the property to the buyer, ROSO Investment Realty. The deal was facilitated by Kevin Casey from Sweeney Real Estate & Appraisal.

Players

Kevin Casey
5 deals$9.8M volume
BROKER

Details

SOLD
IMAGE: Kevin Casey DATE: 01/15/2021 ADDRESS: 61 Meadow Street, 1060 Douglas Avenue, 570 Douglas Street, 35 Veto Street, 1912 Broad Street, 213-225 Walcott Street, & 1 & 27 Dexter Court MARKET: Providence, Cranston, Pawtucket, RI ASSET TYPE: Multifamily SELLER: RISSPORT I LLC BUYER: ROSO Investment Realty BROKER: Kevin Casey - Sweeney Real Estate & Appraisal SALE PRICE: $3,950,000 UNITS: 65 ~ PPU: $60,769

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$210,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$14,033.51
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,725.02
Annual Debt Service$224,700.18