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223 Broad St

Cumberland, RI 02864
  • $725,000
  • STATUS: Active
  • MLS #: 72966451
UPDATED: 64 min ago
$725,000
  • 11
    BEDS
  • 0.39
    ACRES
  • 8
    BATHS
  • 0
    1/2 BATHS
  • 5,549
    SQFT
  • $131
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1920
County:
Area:

School Ratings & Info

Listing courtesy of Tony Lanni of Re/Max Preferred.

Description

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! *** Please email COMMERCIAL Approval prior to showing. Will Not allow entry without it. Thank you for your understanding.

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2022-06-25T12:10:02.48.
www.revrealtyma.com/homes/127663183
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223 Broad St Cumberland, RI 02864

  • Price: $725,000
  • Status: Active
  • On Site: Days
  • Updated: 64 min ago
  • MLS #: 72966451
11
Beds
8
Baths
0
½ Baths
0.39
Acres
5,549
SQFT
$131
$/SQFT
1920
Built
Neighborhood:
Other
County:
Providence
Area:
Other
Property Description
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! *** Please email COMMERCIAL Approval prior to showing. Will Not allow entry without it. Thank you for your understanding.
Exterior Features

Beachfront No Construction Frame Exterior Vinyl Foundation Other (See Remarks) Lot Description Paved Drive Parking Features Off-Street Parking Spaces 10 Road Type PublicPaved Roof Material Asphalt/Fiberglass Shingles Waterfront Flag No

Interior Features

Basement Yes Basement Features Partial Bedrooms Unit1 2 Bedrooms Unit2 2 Bedrooms Unit3 2 Bedrooms Unit4 2 Fireplaces 0 Fireplaces Unit1 0 Fireplaces Unit2 0 Fireplaces Unit3 0 Fireplaces Unit4 0 Flooring WoodTileVinyl Floors Unit1 1 Floors Unit2 2 Floors Unit3 3 Floors Unit4 2 Full Baths Unit1 1 Full Baths Unit2 1 Full Baths Unit3 1 Full Baths Unit4 1 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Half Baths Unit4 0 Hot Water Natural Gas Levels 3 Levels Unit1 1 Levels Unit2 1 Levels Unit3 1 Levels Unit4 1 Rooms 21 Rooms Unit1 5 Rooms Unit2 4 Rooms Unit3 4 Rooms Unit4 4

Property Features

Amenities Public TransportationShoppingLaundromatHighway AccessHouse Of WorshipPublic School Apod Available No Assessments 403000.00 Disclosure No Electric Features Circuit Breakers Expenses Source Owner Provided Expenses Year End 12/21 Gross Operating Income 58200 Lead Paint Unknown Lease Unit1 N Lease Unit2 N Lease Unit3 N Lease Unit4 N Lender Owned No Lot 346 Multifamily Type 5-9 Family Net Operating Income 58200 Rent Unit1 1250 Rent Unit2 950 Rent Unit3 950 Rent Unit4 850 Sewer City/Town Sewer Short Sale Lender App Required No Sq Ft Includes Basement No Sq Ft Source Public Record Tax Year 2021 Taxes 7500.00 Water City/Town Water Year Built Description Approximate Year Built Source Public Record Zoning 00

Listing information © 2022 MLS Property Information Network. All information is deemed reliable but should be independently verified.
Listing provided courtesy of Tony Lanni of Re/Max Preferred.


The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2022-06-25T12:10:02.48.
 
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Revolution Realty
90 Canal Street, 4th Floor
Boston MA, 02114
Listing courtesy of Tony Lanni of Re/Max Preferred.