Back on market due to sale of buyer's property falling through! Cash flow day 1 at 73 Health, a large 6-unit building with a unit mix of (5) three-bed/one-bath units and (1) two-bed/one-bath units. 8.% cap rate with a 10% cap and 15% cash on cash returns at pro-forma. This building is fully occupied and has a history of high occupancy. Tenants pay all utilities. Total pro-forma income of $120,000 and current income of $97,680. Off-Street parking spaces for tenants. This is a great opportunity to acquire an asset that cash flows day one and still has significant upside in the rent roll. Financials available upon request.
Sold for $720,000
$720,000
73 Health Ave, Providence, RI 02908
17beds
4,800sqft
Multi Family
Built in 1900
-- sqft lot
$891,800 Zestimate®
$150/sqft
$2,635 Estimated rent
Home value
$891,800
$829,000 - $963,000
$2,635/mo
Zestimate® history
Owner options
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$3,710/mo
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Zillow last checked:
Listing updated:
Listed by:
John Slyman 508-330-0325,
New England Apartment Group
Bought with:
Henry Woy Lee, REB.0018916
Patriot International Realty
Source: StateWide MLS RI,MLS#: 1337229
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 17
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Natural Gas, Baseboard
Cooling
- None
Appliances
- Included: Gas Water Heater
- Laundry: Common Area, In Building
Features
- Plumbing (PVC)
- Flooring: Hardwood
- Basement: Full,Interior Entry,Unfinished,Laundry,Storage Space,Utility
- Has fireplace: No
Interior area
- Total structure area: 5,820
- Total interior livable area: 4,800 sqft
Property
Parking
- Total spaces: 6
- Parking features: No Garage
Features
- Stories: 3
Lot
- Size: 4,521 sqft
- Features: Corner Lot
Details
- Special conditions: Conventional/Market Value
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Vinyl Siding
- Foundation: Concrete Perimeter
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Electric: 100 Amp Service, Circuit Breakers
- Utilities for property: Sewer Connected, Water Connected
Community & neighborhood
Location
- Region: Providence
- Subdivision: Mt. Pleasant
HOA & financial
Other financial information
- Total actual rent: 8195
Price history
| Date | Event | Price |
|---|---|---|
| 11/8/2023 | Sold | $720,000-7.1%$150/sqft |
Source:  StateWide MLS RI #1337229 Report a problem | ||
| 8/28/2023 | Pending sale | $775,000$161/sqft |
Source: StateWide MLS RI #1337229 Report a problem | ||
| 8/10/2023 | Listed for sale | $775,000$161/sqft |
Source: StateWide MLS RI #1337229 Report a problem | ||
| 6/21/2023 | Pending sale | $775,000$161/sqft |
Source: StateWide MLS RI #1337229 Report a problem | ||
| 6/7/2023 | Listed for sale | $775,000+68.5%$161/sqft |
Source: StateWide MLS RI #1337229 Report a problem | ||
| 8/18/2016 | Listing removed | $1,095+1.4% |
Source: Keller Williams - Northern Rhode Island #1132995 Report a problem | ||
| 3/31/2016 | Sold | $460,000-5.2%$96/sqft |
Source: Agent Provided Report a problem | ||
| 12/30/2015 | Listing removed | $485,000$101/sqft |
Source: Keller Williams - Northern Rhode Island #1114736 Report a problem | ||
| 12/28/2015 | Listed for sale | $485,000$101/sqft |
Source: Keller Williams Realty NRI #1114736 Report a problem | ||
| 4/1/2015 | Listing removed | $1,080 |
Source: Westcott Properties Marketing Specialist For Joy Riley Report a problem | ||
| 2/16/2015 | Listed for rent | $1,080+54.3% |
Source: Westcott Properties Marketing Specialist For Joy Riley Report a problem | ||
| 5/12/2014 | Listing removed | $700-22.2% |
Source: Owner Report a problem | ||
| 4/5/2014 | Price change | $900+28.6% |
Source: Owner Report a problem | ||
| 2/16/2014 | Listed for rent | $700-39.1% |
Source: Postlets Report a problem | ||
| 7/23/2013 | Listing removed | $1,150 |
Source: Keller Williams Report a problem | ||
| 5/7/2013 | Listed for rent | $1,150 |
Source: Keller Williams Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Valley
Nearby schools
GreatSchools rating
- 4/10William D'abate Elementary SchoolGrades: K-5Distance: 0.5 mi
- 5/10Nathanael Greene Middle SchoolGrades: 6-8Distance: 0.7 mi
- 2/10Mount Pleasant High SchoolGrades: 9-12Distance: 1 mi
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Estimated market value
$891,800
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$891,800
- Rhode Island
- Providence County
- Providence
- 02908
- Valley
- 73 Health Ave
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