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Compass Represents Seller In Sale Of Frank Mauran Jr. House In Providence For $3.65M
SOLD
$3,650,000
Rhode Island
See Similar DealsSingle Family7,000 SF
Sold 01/17/2025
SOLD
Compass Represents Seller In Sale Of Frank Mauran Jr. House In Providence For $3.65M
137 Grotto Avenue
See Similar DealsSingle Family7,000 SF
Sold 01/17/2025
Summary
RHODE ISLAND
Asset Type:Single Family
Price Per Square Foot:$521
Total Square Footage:7,000 SF
Transaction Type:Sale
A single-family home located at 137 Grotto Avenue in Providence, RI, was sold for $3,650,000. The property spans a total of 7,000 square feet, resulting in a price per square foot of $521.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $3,650,000
- Sale Date: 01/17/2025
- Address: 137 Grotto Avenue
- Market: Providence, RI
- Square Footage: 7,000
- Price per Square Foot: $521
Kira Greene and Deborah Ladd of Compass represented the seller in the transaction involving the Frank Mauran Jr. House, facilitating the deal on behalf of the property owner.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$194,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,967.69
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,302.86
Annual Debt Service$207,634.35
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