Property Is Priced To Yield An 8.5% Cap Rate, With a Cash On Cash Return Of 18.5%. All Units Are Identical, Four Room/Two Bedroom Apartments With Private Basements And Individual Utilities. 100% Occupied. In High Demand Due To Style And Location. Property Could Use Cosmetic Upgrades, But Well Worth The Sweat Equity.
North Providence is centrally located in the Providence metropolitan area, but borders on more suburban communities. One of the main thoroughfares, Mineral Spring Avenue, offers a myriad of regional restaurants, goods and services.