7/8 Unit Multi-Family Residential in Cumberland RI!

Multi-Family for Sale
Catylist Listing ID: 30797592
Property Subtypes: Duplex/Fourplex, Other
Number of Units: See Agent
Building Size (RSF): 6,650 SF
Gross Building Area: 7,850 SF
Gross Land Area: 16,998 SF
Sale Price: $725,000 - 777,000
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Usable Size (USF): 6,650 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/17/2022

Overview / Comments

Investors Take Note: This is an Amazing turn-key suite of 8 units over 3 buildings! A 5 unit with 1 bed units, a Duplex with a 1 and a 2 bed, and a stand-alone cottage out back that needs to be finished for additional rent. Updates include 10 year young roofs, some vinyl replacement windows and many of the units are on their own brand new Navien gas systems so tenants pay their own utilities and the rest have low reasonable expenses. In addition there are basements in 2 of the buildings, a 2 car garage and plenty of off-street parking. Very serious inquiries Only. Buyers MUST come with recent Proof of Funds or Pre-approval letter. Selling AS IS. CASH or Conventional financing only. Owner is busy with other projects and after many years is ready to sell this absolute Cash Cow!

Additional Details

Nearest MSA: Providence-Warwick
County: Providence
Tax ID/APN: CU 004-0346-000
Highway Access: close to 295, 146
Site Description: paved driveway w/parking
Area Description: suburban
Total Number of Buildings: 3
Property Condition: Fair
Number of Stories: 3
Year Built: 1920
Construction/Siding: Vinyl Siding
Parking Ratio: 8 (per 1000 SF)
Parking Type: Surface
Parking Description: paved off-street parking
Total Parking Spaces: 10
Heat Type: Natural Gas, Oil
Heat Source: Baseboard
Fuel: Gas, Oil
Internet Access: Cable
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 20,543 133,480 283,634
Median Age: 35.51 37.38 38.39
Households: 7,672 52,205 113,387

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