Sold!
$450,000
8
Beds
4
Baths
3,157
Living Area
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Property Description
A lucrative 4-unit property ideal for investors or owner occupants. Unit 1 offers a cozy studio, while Unit 2 boasts 1 bed and 1 bath. Unit 3 and 4 are spacious 3 bed, 1 bath units, perfect for families. Convenience is key with a 1-car garage and 6 off-street parking spaces. Enjoy hassle-free utility management with individual electric and gas meters, plus the benefits of sewer and city water. But that's not all—landlords will appreciate the additional income stream from the convenient coin-operated laundry, while tenants will love the ease and accessibility it brings to their daily lives. With low taxes, this property is a sound investment. All tenants are on month-to-month leases, managed by professionals for added peace of mind. Owner occupants can seize the opportunity to benefit from the new 5% down mortgage program. Whether you're looking to expand your portfolio or make this your new home, 36 Fairmount St awaits – a wise investment in Rhode Island real estate.
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Highlights
- Heating: Natural Gas
- Property Class: Residential Income
- Total Rooms: 20
- Status: Closed
- Parking Spots: 6
- Property Type: 4 Family - 4 Units Up/Down
- Year Built: 1900
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Additional Details
- Appliances: Range, Refrigerator
- Construction: Stone
- Foundation: Stone
- Roof: Shingle
- Year Built Details: Actual
- Zoning: Mu1
- Basement: Full, Interior Entry
- Flooring: Vinyl, Carpet, Hardwood
- Road Frontage Type: Public
- Total Number of Units: 4
- Year Built Source: Public Records
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Amenities
- Community Features: Public Transportation, Park, Medical Facility, Highway Access, Private School, Public School
- Parking Features: Paved Drive, Off Street, Paved
- Covered Parking Spaces: 1
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Utilities
- Electric: 100 Amp Service
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $271,700
- Compensation Based On: Net Sale Price
- Taxes: $3,798
- Buyer Agent Compensation: 2%
- Tax Year: 2023
- Total Rent: $4,920
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