124 Fifth Street, Providence RI

3-unit Multi Family asset sold in Providence, RI
Sold Price: $740,000 ($246.7k/unit)
Cap Rate: 7.5%

Fully stabilized three family on the sought after East Side section of Providence was listed in July of 2022. With precision pricing and successful marketing, including a comprehensive investment brochure, this property went under contract in one day at an offer price of 98.7% of list price.

In addition to a strong offer price, the deal was smoothly closed in under two months without any hiccups.