Portfolio of 2 Abutting Two Family Homes 7-9 Gaulin Ave 4 Unit Apartment Building $699,800 ($174,950/Unit) 6% Cap Rate Woonsocket, RI 02895
INVESTMENT HIGHLIGHTS
- 2 Abutting 2 Family Homes on Seperate Lots
- Owner User or Investment
- Well Performing
EXECUTIVE SUMMARY
This listing consists of two abutting 2 family properties being sold together for a total of 4 units: 125-127 Elm Street and 7-9 Gaulin Avenue. Spacious and well-maintained properties with excellent rental history and cash flow. All units feature separate electric and gas utilities for tenants to pay. Also available as a portfolio sale of 13 total units with 9 additional units located at 133-121-125 Church Street.
DATA ROOM Click Here to Access
- Operating and Financials
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
| Price | $699,800 |
| Price Per Unit | $174,950 |
| Sale Type | Investment |
| Cap Rate | 6% |
| Sale Condition | Bulk/Portfolio Sale |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Lot Size | 0.15 AC |
| Building Size | 5,978 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1900/2020 |
| Parking Ratio | 0.33/1,000 SF |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Cable Ready
- Storage Space
- Washer/Dryer
- Heating
- Ceiling Fans
- Eat-in Kitchen
- Kitchen
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Oven
- Tub/Shower
- Carpet
- Wi-Fi
- Yard
- Basement
- Den
- Dining Room
- Double Pane Windows
- Family Room
- Linen Closet
- Office
- Vinyl Flooring
- Large Bedrooms
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Trash Pickup - Curbside
- Wi-Fi
- Storage Space
- Bicycle Storage
- Public Transportation
- Private Bathroom
- Fiber Optic Internet
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+1 | 1 | $1,475 | 1,221 |
| 5+1 | 1 | $1,620 | 2,381 |
| 2+1 | 1 | $1,425 | 1,188 |
| 2+1 | 1 | $1,095 | 1,188 |
1 of 1
Walk Score®
Very Walkable (77)
ZONING
| Zoning Code | R4 (Residential 4) |
