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65 America St 3 Unit Apartment Building $1,375,432 CAD ($458,477 CAD/Unit) 8.09% Cap Rate Providence, RI 02903



Investment Highlights
- Downtown Location & Access to Amenities
- Capital Improvements & Amenities
- Separate Utilities
- Transit Oriented Location
- Proximity to Local Colleges
- Strong Demographics
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 65 America Street in the Federal Hill neighborhood of Providence, Rhode Island (the “Property”). The Property is comprised of a three-story building with three (3) residential units consisting of two (2) 3-Bedroom/1-Bathroom and one (1) 2-Bedroom/1-Bathroom with 4,350 square feet of living area in 5,948 square feet of total gross area on a 0.091-acre parcel. The Property is separately metered for electricity, gas fired heat, and gas fired hot water which the tenants pay directly. The Landlord is responsible for common area electric and domestic water and sewer. The Property includes three (3) off-street parking spaces. All of the units have been well-maintained and have been rewired (electric) and re-plumbed, and feature dishwashers, laundry in unit, granite countertops, stainless steel appliances, and basement storage. Centrally located in the Federal Hill neighborhood of Providence, 65 America Street is within a few blocks of Broadway and Westminster Street and is a short walk from Providence’s Central Business District. The Property offers convenient access to abundant dining, retail, and nightlife options, and several colleges and universities. The Property is also just 1.2 miles from the Providence Train Station (Amtrak, Acela & the MBTA’s Providence/Stoughton Line). Adding to the area’s appeal is the proximity to a robust employment market, local and national retailers and restaurants, and major roadways. 65 America Street offers the opportunity to acquire a well-located asset in one of the strongest real estate markets in a region that is poised for future growth.
Property Facts
| Price | $1,375,432 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $458,477 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.09 AC |
| Cap Rate | 8.09% | Building Size | 5,948 SF |
| No. Units | 3 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1874 |
| Zoning | R-3 | ||
| Price | $1,375,432 CAD |
| Price Per Unit | $458,477 CAD |
| Sale Type | Investment |
| Cap Rate | 8.09% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 5,948 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1874 |
| Zoning | R-3 |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- Smoke Detector
1 1
Exceptionally walkable
100/100
Fairly drivable
50/100
Good public transit
60/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | PROV-280241-000000-000000 | Improvements Assessment | $889,305 CAD |
| Land Assessment | $366,782 CAD | Total Assessment | $1,256,087 CAD |
Property Taxes
Parcel Number
PROV-280241-000000-000000
Land Assessment
$366,782 CAD
Improvements Assessment
$889,305 CAD
Total Assessment
$1,256,087 CAD
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65 America St
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