$457,900
$449,900
1.8%For more information regarding the value of a property, please contact us for a free consultation.
71 South ST Lincoln, RI 02865
5 Beds
2 Baths
3,504 SqFt
Key Details
Sold Price $457,900
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,504 sqft
Price per Sqft $130
MLS Listing ID 1321075
Sold Date 12/08/22
Bedrooms 5
Full Baths 2
HOA Y/N No
Abv Grd Liv Area 3,504
Year Built 1900
Annual Tax Amount $4,746
Tax Year 2021
Lot Size 4,791 Sqft
Acres 0.11
Property Description
Great opportunity to own a sizable duplex in desirable Lincoln, RI! The first floor unit houses two bedrooms, a large eat-in kitchen, living room, and remodeled bathroom. Tenants in place are month-to-month and are paying below-market rents due to longevity in the unit. The second/third floor unit features three bedrooms (one that is the entire third floor), an eat-in kitchen, a large remodeled bathroom, and living room. Tenants in place are month-to-month and are paying below-market rent. The building was connected to public sewer in 2014 and all electrical was redone in 2013. Off-street parking for four vehicles and a beautiful yard space finish off this awesome property. This property offers fantastic investment potential for owner-occupants who could take advantage of Lincoln's 35% homestead tax exemption.
Location
State RI
County Providence
Zoning RG7
Rooms
Basement Full, Interior Entry, Unfinished
Interior
Interior Features Tub Shower
Heating Gas, Hot Water
Cooling None
Flooring Ceramic Tile, Laminate, Carpet
Fireplaces Type None
Fireplace No
Appliance Dryer, Oven, Range, Refrigerator, Water Heater, Washer
Laundry Common Area
Exterior
Utilities Available Sewer Connected
Total Parking Spaces 4
Garage No
Building
Foundation Concrete Perimeter
Sewer Connected
Water Connected
Structure Type Drywall,Aluminum Siding
New Construction No
Others
Senior Community No
Tax ID 71SOUTHSTLINC
Financing FHA,VA
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