272 Broadway
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
272 Broadway
8 Unit Block of Flats £1,196,225 (£149,528/Unit) 3.50% Net Initial Yield Providence, RI 02903
Executive Summary
Historic 8-Unit Residential /Office Investment Property in heart of West End Providence; adjacent to Columbus Theater, and all the dining, boutique shopping,
entertainment, and professional /personal services all around Broadway and Atwells Avenue. Immediate access to Downtown and major State routes 6 and 10,
and Interstate Routes I-95 and I-195.
On Federal Historic Register as 3 level Main House, plus additional Carriage House (total 6800+/-SF). Updated heating, electric, plumbing, fire alarm systems. Separately metered gas, electric, boilers, and hot water tanks. Fully Occupied with long term tenants. Set up as 1 Double Office, and 7 Residential Units. On site parking 10 vehicles. Notable upside income: All tenants on month to month basis. All existing rents are below current market rates.
entertainment, and professional /personal services all around Broadway and Atwells Avenue. Immediate access to Downtown and major State routes 6 and 10,
and Interstate Routes I-95 and I-195.
On Federal Historic Register as 3 level Main House, plus additional Carriage House (total 6800+/-SF). Updated heating, electric, plumbing, fire alarm systems. Separately metered gas, electric, boilers, and hot water tanks. Fully Occupied with long term tenants. Set up as 1 Double Office, and 7 Residential Units. On site parking 10 vehicles. Notable upside income: All tenants on month to month basis. All existing rents are below current market rates.
Financial Summary (Actual - 2023) 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
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £1,196,225 | Building Class | B |
| Price Per Unit | £149,528 | Lot Size | 0.18 AC |
| Sale Type | Investment | Building Size | 6,800 SF |
| Net Initial Yield | 3.50% | Average Occupancy | 100% |
| No. Units | 8 | Number of Floors | 3 |
| Property Type | Residential | Year Built/Renovated | 1868/1990 |
| Property Subtype | Apartment | Parking Ratio | 1.47/1,000 SF |
| Apartment Style | Low Rise |
| Price | £1,196,225 |
| Price Per Unit | £149,528 |
| Sale Type | Investment |
| Net Initial Yield | 3.50% |
| No. Units | 8 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 0.18 AC |
| Building Size | 6,800 SF |
| Average Occupancy | 100% |
| Number of Floors | 3 |
| Year Built/Renovated | 1868/1990 |
| Parking Ratio | 1.47/1,000 SF |
Unit Amenities
- Microwave
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
1 of 1
Walk Score ®
Walker's Paradise (96)
Bike Score ®
Very Bikeable (81)
PROPERTY TAXES
| Parcel Number | PROV-281025-000000-000000 | Total Assessment | £492,060 (2024) |
| Land Assessment | £0 (2024) | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £0 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
PROV-281025-000000-000000
Land Assessment
£0 (2024)
Improvements Assessment
£0 (2024)
Total Assessment
£492,060 (2024)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2023
zoning
| Zoning Code | C1 |
| C1 |
-
Gregory Micallef -
Olympus Group Real Estate
(401) 751-9606
x220
1 of 13
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
272 Broadway
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.