$715,000
$710,000
0.7%For more information regarding the value of a property, please contact us for a free consultation.
157 Smith ST Cranston, RI 02905
3,525 SqFt
Key Details
Sold Price $715,000
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 3,525 sqft
Price per Sqft $202
Subdivision Edgewood
MLS Listing ID 1275588
Sold Date 05/07/21
HOA Y/N No
Abv Grd Liv Area 3,525
Year Built 1920
Annual Tax Amount $7,440
Tax Year 2020
Lot Size 9,504 Sqft
Acres 0.2182
Property Description
6 UNIT, 8 CAP, $81,000 yearly gross income. An excellent opportunity to 1031-Exchange or collect rental income. This six unit located in the desirable Edgewood section of Cranston features 4 one-bedrooms with private entrances, and 2 studios. All units were updated within the past 4 years; new cabinets, granite counters, stainless steel appliances and updated bathrooms. Hardwood floors and tile. An oversize yard and parking lot overlooking Johnson & Wales Harborside Campus. Convenient location near highways, restaurants, bars and more. Turn key, fully rented with current MONTHLY rental income of $6750, below market, room for rent increase. Currently owner pays all utilities(gas, electric, heat, water & sewer). There are six separate gas meters, hence the gas can be charged back to tenants. FIRE CODED.
Location
State RI
County Providence
Community Edgewood
Rooms
Basement Full
Interior
Heating Baseboard
Cooling None
Exterior
Community Features Highway Access, Marina, Public Transportation, Sidewalks
Utilities Available Electricity Available, Natural Gas Available, Natural Gas Connected, Sewer Connected, Water Connected
Present Use Multi-Family
Street Surface Concrete
Total Parking Spaces 11
Building
Foundation Brick/Mortar
Sewer Connected, Public Sewer
Water Connected, Public
New Construction No
Others
Tax ID 157161SMITHSTCRAN
Security Features Carbon Monoxide Detector(s),Fire Alarm,Fire Escape,Smoke Detector(s)
Financing Conventional
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Bought with Steele Realty Consultants LLC