RISSPORT I LLC Sells Multifamily Portfolio In Providence, Cranston, And Pawtucket For $3.95M - Buyer ROSO Investment Realty
61 Meadow Street, Providence, RI, USA
$3,950,000
Building Size
—
Asset Type
MultiFamily
Closing
Jan 14, 2021
AI
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.
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
4.02%
Cash-on-Cash
-1.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93