AUCTION: Providence, RI - *Residential Income Property* 15-Unit Brick Apartment Building

11,196+/-sf 15-Unit Brick Apartment Building ~ To be Offered in the Entirety

Providence, RI (PRWEB) April 10, 2009 -- JJManning Auctioneers is proud to offer this 15-unit brick apartment building on .26+/- acres with (12) one and (3) two bedroom units. The 3-story building is in a high visibility location on the corner of Cypress St.; near a park, police station, market, bus stop, schools & other services. There is off-street parking with easy access to I-95 & Route 1. This property will be offered in the entirety.

PROPERTY TOUR: Wednesday, April 22nd (11am-1pm)
AUCTION: Wednesday, April 29th at 11am

ASSESSED VALUE: $845,900
ZONING: R3
PARCEL ID: Plat 5 Lot 455
LEGAL REF.: Providence Book 8880 Page 159
BUILT: 1928 w/ recent renovations
TYPICAL UNIT AREA: (1-BR) 650+/- sf. & (2-BR) 850+/- sf.
TYPICAL MONTHLY RENT: (1-BR) $750 & (2-BR) $925
BASEMENT: Full w/ laundry & storage
UTILITIES: Electric & gas w/ separate unit meters, city water & sewer, oil-fired steam heat

Terms of Sale: 10% certified deposit of which $25,000 in cash, certified or bank check at auction & remainder by 5pm ET on Monday, 5/4/09. Balance in 45 days. 10% Buyer's Premium. Other terms, if any, announced at sale. All information from reliable sources believed correct, but not guaranteed. Buyers shall rely entirely on their own judgment & inspection. JJManning Auctioneers is acting exclusively on behalf of Seller in this transaction.

Online Bidding Terms & 2% Buyer's Broker Commission Terms: Visit www.JJManning.com for details & mandatory pre-registration requirements.

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