Investment Overview

OWNER FINANCING-Owner will hold first mortgage with 25% down at 5.5% interest rate amortized over 30 years for a term of 10 years. The Birchwood Apartments located at 6 & 8 May Street in North Providence RIis comprised of 24 units (10-two bedrooms and 17-one bedrooms) in two-2.5 story brick garden style apartment buildings built in 1986. Owned and managed by the original builder the buildings are set on a professionally landscaped site with off street parking and coin-op laundry in each building. Property has great upside in the potential income. Additional income includes laundry and a heated and air-conditioned garage behing 6 May.


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INSTRUCTIONS FOR VIEWING:

First drive by the Property and view the exterior. DO NOT speak to the Owner, Owner's representative or Owner's tenants without a UMF Associate present. Especially in the event they are present during your initial drive by. If you are interested in the property after your initial drive by please contact the UMF listing associate to schedule an appointment.

All information furnished regarding property for sale or lease is from sources deemed reliable, but no warranty or representation is made to the accuracy thereof and same is submitted to errors, omissions, change of price,rental or other conditions, prior to sale or lease, or withdrawal without notice. United Multi Family makes no warranty or representation about the content of this brochure. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property.