8 CAP, $81,000 yearly gross income. An excellent opportunity to 1031-Exchange or collect rental income. This six unit located in the desirable Edgewood section of Cranston features 4 one-bedrooms with private entrances, and 2 studios. All units were updated within the past 4 years; new cabinets, granite counters, stainless steel appliances and updated bathrooms. Hardwood floors and tile. An oversize yard and parking lot overlooking Johnson & Wales Harborside Campus. Convenient location near highways, restaurants, bars and more. Turn key, fully rented with current MONTHLY rental income of $6750, below market, room for rent increase. Currently owner pays all utilities(gas, electric, heat, water & sewer). There are six separate gas meters, hence the gas can be charged back to tenants. FIRE CODED.
This content last updated on 4/10/2021 3:50 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Home Value History for 157 Smith Street Cranston, RI 02905
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