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777 Admiral Street
Providence, RI 02908
Asking Price
$3.75M
Cap Rate
7.65%
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
Multi-Family | 17 Units | 15,272 Sq Ft <p><strong>ACCESS & CONNECTIVITY</strong></p><p>RIPTA Route 55, the Admiral/Providence College line, runs directly along Admiral Street, serving 36 stops between Rhode Island College (Roberts Hall) and Kennedy Plaza in downtown Providence. </p><p>For intercity and commuter rail travel, Providence Station at 100 Gaspee Street is approximately a 10-minute ride from the property. The station is served by both Amtrak and the MBTA Commuter Rail and ranks as the 11th busiest Amtrak station in the coun
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NOI
$80,000
Cap Rate
2.13%
DSCR
0.36
Underwater
Cash-on-Cash
-12.68%
Monthly Payment
$18,552.954
Annual Cash Flow
$-142,635.447
