Sold!
$825,000
7
Beds
4
Baths
3,800
Living Area
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Property Description
Cash-Flowing 4-Unit Multifamily with Expansion Potential Investor's dream in the heart of Burrillville! This well-maintained four-unit multifamily property offers strong existing cash flow with long-term tenants in place, making it a turn-key addition to any portfolio. The 2nd floor has a 3 bed town house that has been completely renovated as well as a separate 2 bed apartment. The first floor has a 2 bedroom apartment that has been completely renovated and a 2 bedroom apartment that has been updated with in unit laundry, All with separate utilities, all electric, central fire alarm, separate utilities, vinyl siding, architectural shingles, city sewer and stable rental income with cash flow of 7600 for 4 units. But the real value lies in the potential: Ability to finish the basement for a 5th unit—perfect for increasing NOI and property value. Includes a potentially buildable lot, opening doors for future condo development or resale. Plenty of off-street parking and a spacious yard add
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Highlights
- Acres: 1
- Parking Spots: 10
- Property Type: 4 Family
- Total Rooms: 26
- Status: Closed
- Levels: 4
- Property Class: Residential Income
- Stories: 4
- Year Built: 1940
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Additional Details
- Foundation: Concrete Perimeter
- SqFt Source: Owner
- Year Built Details: Actual
- Zoning: R40
- Lot Features: Other
- Total Number of Units: 4
- Year Built Source: Public Records
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Utilities
- Sewer: Public Sewer
- Water Source: Private
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Fees / Taxes
- Assessed Value: $322,500
- Taxes: $4,831
- Tax Year: 2024
- Total Rent: $7,600
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Listing information provided courtesy of Suburban Lifestyle Real Estate.
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