157 Smith Street, Cranston, RI 02905 | Listings

157 Smith Street, Cranston, RI 02905

  • $710,000
  • 6 Beds
  • 6 Full Baths
  • 4,668 sq ft
  • Year Built: 1920
  • Multi-Family
  • Listing #1275474
  • Status: Active Under Contract

Property Description

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.

Listing Details

Price$710,000
Bedrooms6 Beds
Bathrooms6 Full Baths
Year Built1920
Property TypeMulti-Family
Listing #1275474
StatusActive Under Contract
CountyProvidence
Listing TypeFor Sale

Interior Features

Square Feet4,668
FloorsCeramic Tile, Hardwood
Heating and CoolingBaseboard, Electric
FireplaceNone

Exterior Features

ExteriorDrywall, Vinyl Siding
FoundationBrick/Mortar
Lot Size0.22 acres

Miscellaneous

Garage Spaces0
Measurement SourcePublic Records

Courtesy of Shamila Ahmed, Steele Realty Consultants LLC

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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.

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