Two new drivewaysNew roofReplacement windowsNew rear porchesUpdated kitchens and bathroomsLarge lotCommercial fire alarm system
Exceptional opportunity to acquire a fully occupied, lead-certified four-unit multifamily property with strong in-place cash flow and significant recent improvements. All four units feature 2 bedrooms and 1 bathroom, generating approximately $7,500 per month ($90,000 annually) in gross rental income. Recent capital improvements include a new roof, two new driveways, new rear porches, four new hot water heaters, updated kitchens and bathrooms, and replacement windows. The property is equipped with a commercial fire alarm system that has been recently tested and certified, providing peace of mind for investors. Heating systems include a combination of forced hot air and boiler heat, with tenants responsible for their own heating expenses. Designed with efficiency in mind, the building offers minimal common area and excellent rentable square footage utilization. Situated on a large lot, the property also benefits from ongoing neighborhood investment, including a new townhome development currently under construction just down the street on Harris Avenue. A turnkey investment opportunity offering strong current returns, low-maintenance ownership, and long-term upside.
20 days
|
527
|
35
|
Zillow last checked:
Listing updated:
Listed by:
Sheil Readyhough Team401-284-9003,
SERHANT.,
Johnny Sheil401-243-7041,
SERHANT.
Source: StateWide MLS RI,MLS#: 1416180
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Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 8
Bathrooms: 4
Full bathrooms: 4
Bathroom
Features: Bath w Tub & Shower
Heating
Bottle Gas, Oil, Baseboard, Forced Air
Cooling
None
Appliances
Included: Electric Water Heater, Dishwasher, Oven/Range
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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