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The Erkkinen-Cohen Group Represents Buyer In $1.85 Million Sale Of 435 Angell Street Providence RI
SOLD
$1,850,000
Rhode Island
See Similar DealsSingle Family
Sold 12/20/2024
SOLD
The Erkkinen-Cohen Group Represents Buyer In $1.85 Million Sale Of 435 Angell Street Providence RI
435 Angell Street
See Similar DealsSingle Family
Sold 12/20/2024
Summary
RHODE ISLAND
Asset Type:Single Family
Transaction Type:Sale
The property involved in this transaction is a renovated four-unit Mansard-style Victorian located at 435 Angell Street, Providence, RI. The sale price was $1,850,000. This asset features modernized apartments and a landscaped outdoor space, making it a significant property in the local market.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $1,850,000
- Address: 435 Angell Street
- Market: Providence, RI
- Buyer's Representative: The Erkkinen-Cohen Group - Residential Properties, Ltd
- Seller's Representative: Carl Henschel & Cherry Arnold - Sotheby's International Realty
Mott & Chace Sotheby’s International Realty brokered this transaction, marking it as the second-highest multi-family sale in Providence for 2024, reflecting its significance in the current real estate landscape.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$98,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,572.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,769.94
Annual Debt Service$105,239.33
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