RISSPORT I LLC Sells Multifamily Portfolio In Providence, Cranston, And Pawtucket For $3.95M - Buyer ROSO Investment Realty
SOLD
$3,950,000
Rhode Island
See Similar DealsMultiFamily
Sold 01/15/2021
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 DealsMultiFamily
Sold 01/15/2021
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
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
Is there something missing? Send suggestions