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

Bedrooms6 Beds
Bathrooms6 Full Baths
Year Built1920
Property TypeMulti-Family
Listing #1275474
StatusActive Under Contract
Listing TypeFor Sale

Interior Features

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

Exterior Features

ExteriorDrywall, Vinyl Siding
Lot Size0.22 acres


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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