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Key Details
Sold Price $527,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,856 sqft
Price per Sqft $184
MLS Listing ID 1360326
Sold Date 07/26/24
Bedrooms 6
Full Baths 3
HOA Y/N No
Abv Grd Liv Area 2,856
Year Built 1900
Annual Tax Amount $6,716
Tax Year 2023
Lot Size 3,693 Sqft
Acres 0.0848
Property Description
HIGHEST & BEST DUE MONDAY 6/3 AT 5PM. Discover a unique investment opportunity with this multifamily home, ideally situated on the Central Falls/Pawtucket line. This property includes two buildings on one lot, offering a total of three fully occupied units with potential for expansion into the attic to create an oversized townhouse-style apartment. Each unit features 2 bedrooms and 1 bathroom, along with individually metered utilities, making it perfect for attracting long-term tenants. Off-street parking, a highly sought-after feature in this area, is also available. Most major updates have already been completed, including replacement windows, vinyl siding, and new roofs and boilers within the last 2-3 years. Coin-operated laundry provides additional tenant convenience and an extra revenue stream. With long-term tenants currently in place, there's also potential to increase rents and maximize your return on investment. Conveniently located just minutes from the train station, this property offers excellent commuter access and is situated in a growing neighborhood. It's ideal for investors looking to expand their portfolio with a stable, income-generating property. The opportunity to raise rents and add an additional unit makes this an attractive option for those seeking long-term value and growth. Don't miss out on this rare chance to own a multifamily home in a prime location with significant upside potential!
Location
State RI
County Providence
Zoning R3
Rooms
Basement Exterior Entry, Full, Interior Entry, Unfinished
Interior
Interior Features Attic, Bathtub, Permanent Attic Stairs, Tub Shower
Heating Baseboard, Gas
Cooling None
Flooring Carpet, Laminate, Vinyl
Fireplaces Type None
Fireplace No
Appliance Dryer, Gas Water Heater, Oven, Range, Refrigerator, Water Heater, Washer
Laundry Common Area
Exterior
Community Features Highway Access, Near Hospital, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping
Utilities Available Sewer Connected
Total Parking Spaces 3
Garage No
Building
Lot Description Paved
Foundation Concrete Perimeter
Sewer Connected, Public Sewer
Water Connected, Public, Water Tap Fee
Additional Building Outbuilding
Structure Type Drywall,Plaster,Aluminum Siding,Shingle Siding
New Construction No
Others
Senior Community No
Tax ID 7274CLAYSTCFLS
Financing FHA,VA
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Bought with Keller Williams Coastal