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