Address
125 Broad Street / 8 Bells / 12-16 Bells Court, Cumberland, RI
Price
$ 1,699,900
Property Attributes
- MLS#1341872
- TypePending
- CountyPROVIDENCE
- CityCumberland
- NeighborhoodValley Falls
- Zip02864
- StyleCommercial
- Year Built1900
- Taxes$ 16646
- Price$ 1,699,900
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage11823
- Lot Size0.35 Acres
Data Source:
Rhode Island Statewide MLS (RIAR)
Property Description
11 UNITS (all 3 and 2 bedrooms) NEW ROOF! NEW SIDING! NEW MECHANICALS! SMOKE SYSTEMS UPDATED! OFF-STREET PARKING! This meticulously maintained property consists of four separate buildings, each echoing over a century of family pride and dedication. Being in the same family for over 100 years, every brick, every corner, and every unit radiates the meticulous care and attention to detail that has been infused over the generations. This is not just an asset it's a legacy. At a glance, the property showcases: An enviable pro-forma 7.8-9% cap rate. Potential to optimize rents, ensuring both current income and a promising future of growth. Units that stand as a paragon of meticulous maintenance and care. The location's inherent convenience and charm have invariably led to sustained demand, ensuring optimal occupancy rates year-round. This property not only offers immediate cash flow but serves as an emblem of a rich heritage and a brighter future. For investors, this is more than just a real estate offering it's a chance to partake in a century-old legacy while reaping consistent financial rewards. Seize the opportunity. Step forward, immerse yourself in a rich tapestry of history, and embark on a rewarding journey of a lifetime with this real estate gem. Your key to a prosperous future awaits.
| Price History | |
|---|---|
| 8/16/2023 | Listed $1,700,000 |
| 10/16/2023 | 1% - $1,699,900 |
General Features
| Sewer | Connected,PublicSewer |
|---|---|
| Heating | Baseboard,Central |
| Cooling | None |
| Utilities | NaturalGasConnected,MunicipalUtilities,WaterConnected,SewerConnected |
| HOA | 0.0 |
| Security Features | FireAlarm,SmokeDetectors |
| Year Built | 1900 |
| Electric | CircuitBreakers |
| Tenant Pays | Other |
| Stories | 11 |
| Property SubType | Commercial |
| Tax Year | 2022 |
| OwnerPays | Sewer,Water |
| Community Features | HighwayAccess,NearSchools,PublicTransportation,RecreationArea,Restaurant,Shopping |
| County | Providence |
| New Construction | No |
| Property Type | CommercialSale |
| HOA / Comm Assn | No |
| Attached Garage | No |
| Subdivision Name | Valley Falls |
| Possible Use | MultiFamily,Residential |
| Garage Y/N | Yes |
| Status | Pending |
| City | Cumberland |
| Buyer Agent Compensation | 2.25 |
| View Y/N | No |
| Senior Community Y/N | No |
| Total Units | 11 |
| Lot Size Square Feet | 15246.0 |
| Waterfront Y/N | No |
| Carport Y/N | No |
| Number of Units Leased | 11 |
| Street Name | Broad Street / 8 Bells / 12-16 Bells |
| Property Attached Y/N | No |
| Land Lease Y/N | No |
| Tax Annual Amount | 16646.0 |
| 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 |
| Days on Market | 72 |
| Structure Type | MultiFamily |
| Lease Type | Gross |
| Standard Status | Pending |
| Occupancy Description | Tenant |
| Tax Assessed Value | 1110500 |
| Tax Lot | 0207 |
| MobileHomeRemainsYN | No |
Interior Features
| Basement | Full |
|---|---|
| Total Stories | 11 |
| Basement (Y/N) | Yes |
| Air Conditioning Y/N | No |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Above Grade Finished Area | 11823.0 |
| Street Suffix | Court |
| Laundry Features | CommonArea |
| Electric On Property Y/N | No |
Exterior Features
| Water Source | Connected,Public |
|---|---|
| Total Parking | 24.0 |
| Inclusions | All owner appliances to remain and convey with the sale of the properties. |
| Lot Size Area | 15246.0 |
| Foundation Details | ConcretePerimeter |
| Number of Buildings | 4 |
| Spa | No |
| Building Area Total | 11823.0 |
| Road Surface Type | Concrete,Paved |
| Lot Size Units | SquareFeet |
| 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 02864
Price
Taxes
Visits
Year Built
Walkscore
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