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AUCTION Providence RI Residential Income Property 15Unit BrickApartment...

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 's38; other services. There is off-street parking with easy access to I-95 's38; 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. 's38; (2-BR) 850+/- sf.

TYPICAL MONTHLY RENT: (1-BR) $750 's38; (2-BR) $925

BASEMENT: Full w/ laundry 's38; storage

UTILITIES: Electric 's38; gas w/ separate unit meters, city water 's38; sewer, oil-fired steam heat

Terms of Sale: 10% certified deposit of which $25,000 in cash, certified or bank check at auction 's38; remainder by 5pm ET on Monday, 5/4/09. Balance in 45 days. 10% Buyer'ss 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 's38; inspection. JJManning Auctioneers is acting exclusively on behalf of Seller in this transaction.

Online Bidding Terms 's38; 2% Buyer'ss Broker Commission Terms: Visit www.JJManning.com for details 's38; mandatory pre-registration requirements.

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