Waterfront
Address
31 South Main Street, Burrillville, RI
Price
$ 649,999
Property Attributes
- MLS#1335180
- TypePending
- CountyPROVIDENCE
- CityBurrillville
- Zip02859
- StyleMultiFamily
- Year Built1850
- Taxes$ 6348
- Price$ 649,999
- Bedrooms6
- Full Bathrooms4
- Half Bathrooms0
- Sqr Footage6472
- Lot Size0.69 Acres
Data Source:
Rhode Island Statewide MLS (RIAR)
Property Description
4 Residential units, with potential for a 5th in the front building, 3 garages, parking lot, on a waterfront lot on Union Pond. Natural gas available at the street. Property is stabilized, fully rented at a 7%+ CAP rate with moderate rents. The community has waiting lists for residential rentals. The stand alone studio apartment was previously a barber shop/hair salon and can be converted back. Sale will include the metal sign holder for the front of the stand along building in front. Current income does not include 1 garage space that is owner occupied. With reasonable rent increases, property could easily be an 8% or 9% CAP rate at asking price. Sale includes TWO lots. The parking lot, #31 South Main St, is a separate deeded lot. This would make an excellent investment/1031 exchange.
| Price History | |
|---|---|
| 5/9/2023 | Listed $749,999 |
| 5/22/2023 | 7% - $699,999 |
| 11/26/2023 | 8% - $649,999 |
General Features
| Sewer | Connected |
|---|---|
| Heating | Baseboard,Oil |
| Cooling | HeatPump,None |
| Utilities | SewerConnected |
| Possession | Negotiable |
| Garage Spaces | 4.0 |
| Construction Materials | ShingleSiding |
| Year Built | 1850 |
| Electric | Item100AmpService |
| Property SubType | MultiFamily |
| Tax Year | 2022 |
| County | Providence |
| Operating Expense | 25312.0 |
| New Construction | No |
| Property Type | ResidentialIncome |
| HOA / Comm Assn | No |
| Attached Garage | No |
| Garage Y/N | Yes |
| Total Rooms | 14 |
| Status | Pending |
| City | Burrillville |
| Buyer Agent Compensation | 2.5% Net Sale |
| View Y/N | No |
| Senior Community Y/N | No |
| Total Units | 4 |
| Lot Size Square Feet | 30057.0 |
| Waterfront Y/N | No |
| Carport Y/N | No |
| Street Name | South Main |
| Property Attached Y/N | No |
| Land Lease Y/N | No |
| Tax Annual Amount | 6348.0 |
| Home Warranty Y/N | No |
| Lease Renewal Y/N | No |
| Additional Parcels Y/N | No |
| Lease Considered Y/N | No |
| Rent Control Y/N | No |
| Virtual Tour | https://tour.RiLiving.com/31-45-South-Main-ST-Burrillville-RI-02859--1335180 |
| Days on Market | 253 |
| Structure Type | Apartment |
| Standard Status | Pending |
| Tax Assessed Value | 456400 |
| Tax Lot | 18/19 |
| MobileHomeRemainsYN | No |
Interior Features
| Basement | Partial,Unfinished,WalkOutAccess |
|---|---|
| Flooring | Carpet,CeramicTile,Hardwood,Vinyl,Wood |
| Basement (Y/N) | Yes |
| Air Conditioning Y/N | No |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Above Grade Finished Area | 6472.0 |
| Full Baths | 4 |
| BuyerOfficeEmail | [email protected] |
| Street Suffix | Street |
| Total Bedrooms | 6 |
| Electric On Property Y/N | No |
| LivingAreaSource | PublicRecords |
| Total Baths | 4 |
Exterior Features
| Parking Features | Detached,Garage |
|---|---|
| Water Source | Connected |
| Total Parking | 18.0 |
| Lot Size Area | 30057.0 |
| Number of Buildings | 3 |
| Spa | No |
| Building Area Total | 6472.0 |
| Lot Size Acres | 0.69 |
| Lot Size Units | SquareFeet |
| Covered Spaces | 4.0 |
| Crops Included Y/N | No |
| Open Parking Y/N | No |
| Horse Y/N | No |
| Irrigation Water Rights Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Pending Average in 02859
Price
Taxes
Visits
Year Built
Walkscore
Massachusetts MLS Property Info Network (MLSPIN) - 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
IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed. © 2024 State-Wide Multiple Listing Service. All rights reserved.
