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This purchase is obscene! With this mortgage the rent for each tenement will be close to $3,000 per month without utilities. I hope the tenements have been upgraded to include a dishwasher, washer & dryer in each unit, upgraded plumbing and electricals, and will offer designated parking spots for each unit, snow removal, trash removal, landscaping maintenance and 24-hour on call maintenance, just like the upscale apartment properties in Providence, Warwick, East Greenwich and Newport.
It is time to think about how overpriced these properties are getting to be. 10 years ago, one could live in a tenement like this one for under $1,000.00 per month. Gouging Greed has overwhelmed sellers.