For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $695,000
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 3,600 sqft
Price per Sqft $193
Subdivision Arctic
MLS Listing ID 1357177
Sold Date 08/12/24
HOA Y/N No
Abv Grd Liv Area 3,600
Year Built 1900
Annual Tax Amount $9,739
Tax Year 2023
Lot Size 4,356 Sqft
Property Description
OFFERS DUE TUESDAY 4/30 BY 11 PM Rare 8-unit apartment building. 7 one bedroom apartments and 1 studio. This asset produces over $105,000 in gross income annually yielding an NOI of approximately $60,000. Several of the apartments have been renovated in the last few years. A brand new high efficiency heating system with indirect hot water tank was installed within past 6 years servicing all apartments with heat and hot water which is included in tenant rent. Tenants only pay their own electricity. Off-street parking for 8 cars, fully fire coded, fully occupied make this the perfect turn-key investment property!
Location
State RI
County Kent
Community Arctic
Rooms
Basement None
Interior
Heating Baseboard, Hot Water
Cooling None
Exterior
Community Features Golf, Highway Access, Near Hospital, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping, Tennis Court(s)
Utilities Available Electricity Available, Natural Gas Available, Natural Gas Connected, Municipal Utilities, Water Connected, Sewer Connected
Street Surface Asphalt
Total Parking Spaces 8
Building
Story 2
Sewer Connected, Sanitary
Water Connected, Public
Level or Stories 2
New Construction No
Others
Tax ID 141ARCHAMBAULTAVWWAR
Security Features Carbon Monoxide Detector(s),Fire Alarm
Financing Conventional
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
© 2024 State-Wide Multiple Listing Service. All rights reserved.
Bought with Keller Williams Leading Edge
GET MORE INFORMATION