756 758 Hope Street

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756 758 Hope Street

Providence, RI 02906
Asking Price
$1.95M
Asset Type
Apartment Building Mixed-use
Class
Class B

AI Property Summary

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

  • The property is listed for sale at $1,950,000.
  • This asset features 7,000 square feet of total space.
  • The building serves as a versatile mixed-use apartment investment.
  • Located in the Providence East Side neighborhood in Rhode Island.
  • The site benefits from proximity to established regional academic institutions.

What's Special

Priced at $1,950,000, 756 758 Hope Street represents a strategic acquisition in the Providence market. This 7,000 square foot mixed-use apartment building is positioned in the East Side neighborhood, an area recognized for its historical character and proximity to major academic institutions like Brown University. Providence functions as a primary economic hub for Rhode Island, supported by a dense population and consistent demand for centrally located residential and commercial space. The property serves as a versatile asset suitable for investors looking to capitalize on urban density. Given the flexible nature of mixed-use configurations, this building accommodates a blend of residential units and storefront potential, appealing to a diverse tenant base. The layout supports stable operations within a submarket defined by its walkability and sustained infrastructure investment. Prospective owners can leverage the location to provide housing and commercial services to a steady stream of local residents and university-affiliated individuals seeking access to the core of the city.

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NOI
$80,000
Cap Rate
4.10%
DSCR
0.69
Underwater
Cash-on-Cash
-6.11%
Monthly Payment
$9,647.536
Annual Cash Flow
$-35,770.433

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