Price Reduced 13.33%
Price History
$749,999
5/9/2023
$699,999
5/22/2023
$649,999
11/26/2023
31 45 South Main Street, Burrillville, RI, 02859
14 rooms
6 beds
4 Full baths
1850
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.
Status:
Pending
Type:
Multi-family
Units:
4
Garage:
4-car Detached, Garage
Heating:
Baseboard, Oil
Cooling:
Heat Pump, None
Basement:
Partial, Unfinished, Walk-Out Access
Parking:
18-car
Acreage:
0.69
Est. Taxes:
$6,348
Assessment
$456,400
Construction
Shingle Siding
Utilities
Sewer Connected
Days on Market:
253
MLS #:
1335180
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School Info
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