151 153 Irving Avenue

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151 153 Irving Avenue

Providence, RI 02906
Asking Price
Contact for price
Asset Type
Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily asset located at 151 153 Irving Avenue in Providence.
  • The property consists of two distinct residential rental units.
  • Situated within the established 02906 zip code of Rhode Island.
  • Positioned in a region with consistent demand for residential housing.
  • Asset type suitable for long-term hold or owner-occupant investment strategies.

What's Special

This multifamily property comprises two residential units situated on Irving Avenue in Providence, Rhode Island. Positioned within the 02906 ZIP code, the building offers a stable residential footprint in a well-established urban environment. Providence serves as a significant economic hub in the region, supported by its proximity to major academic institutions and a robust healthcare sector that maintains consistent demand for housing. The local market benefits from access to regional transit networks and a density of amenities that cater to a diverse tenant base. Given the structure and unit count, the asset is suitable for investors seeking to maintain a residential rental portfolio or for those exploring owner-occupant strategies. The property provides a clear opportunity to secure a residential foothold in a stable New England market characterized by steady population demographics and ongoing regional development.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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