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Boulder Farms Villas 101 Charlies Way 144 Unit Apartment Building $96,837,296 CAD ($672,481 CAD/Unit) 4.51% Cap Rate Johnston, RI 02919

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INVESTMENT HIGHLIGHTS

  • Turnkey Investment: New construction, steel reinforced insulated concrete, all SOLAR all 2 level 1700 sf, 3bed, 2 bath, single garage; fully occupied
  • 72 center units at $2500/mo.; 72 end units at $2600/mo. Rents increasing with each annual renewal
  • exceptionally efficient and low maintenance; easy access off Greenville Ave. at exit 10 from I-295; extensive nearby retail, service amenities.

FINANCIAL SUMMARY (ACTUAL - 2022) Click Here to Access

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
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

FINANCIAL SUMMARY (ACTUAL - 2022) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual $99,999
Annual Per SF $9.99
Vacancy Loss (CAD)
Annual $99,999
Annual Per SF $9.99
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Taxes (CAD)
Annual $99,999
Annual Per SF $9.99
Operating Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS

Price $96,837,296 CAD
Price Per Unit $672,481 CAD
Sale Type Investment
Cap Rate 4.51%
No. Units 144
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class B
Lot Size 26.15 AC
Building Size 244,800 SF
Average Occupancy 100%
No. Stories 2
Year Built 2020
Zoning R40 - Multifamily Development

AMENITIES

UNIT AMENITIES

  • Disposal
  • Washer/Dryer
  • Heating
  • Kitchen
  • Hardwood Floors
  • Refrigerator
  • Oven
  • Stainless Steel Appliances
  • Range
  • Walk-In Closets

SITE AMENITIES

  • 24 Hour Access
  • Controlled Access
  • Storage Space
  • Public Transportation
  • Individual Locking Bedrooms
  • Walk-Up

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
3+2.5 144 $3,528 CAD 1,700
  • Listing ID: 30015974

  • Date on Market: 2023-11-09

  • Last Updated:

  • Address: 101 Charlies Way, Johnston, RI 02919

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