6 UNIT, 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.
| Price | $710,000 |
|---|---|
| Year Built | 1920 |
| Property Type | Commercial |
| Listing # | 1275588 |
| Status | Active Under Contract |
| County | Providence |
| Listing Type | For Sale |
| Square Feet | 3,525 |
|---|---|
| Heating and Cooling | Baseboard |
| Foundation | Brick/Mortar |
|---|---|
| Lot Size | 0.22 acres |
| Virtual Tour URL | https://mls.kuu.la/share/collection/7Yprt?fs=1&vr=1&zoom=1&thumbs=1 |
|---|
Courtesy of Shamila Ahmed, Steele Realty Consultants LLC
© 2021 Rhode Island Association of REALTORS® StateWide MLS information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or NextHome Ocean State Realty Group.Quickly estimate your monthly mortgage. If you would like a more detailed analysis of what you can afford, please inquire below.
Estimated taxes and insurance are not included. Sales price from MLS. Mortgage calculator source: NextHome, Inc.
