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
Zillow last checked:
Listing updated:
Bought with:
Henry Woy Lee, REB.0018916
Patriot International Realty
Source: StateWide MLS RI,MLS#: 1337229
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 | ||
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Estimated market value
$867,600
