Price Reduced 0.01%
Price History
$1,700,000
8/16/2023
$1,699,900
10/16/2023
125 Broad Street / 8 Bells / 12-16 Bells Court, Cumberland, RI, 02864
1900
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.
Status:
Pending
Type:
Commercial
Laundry Remarks:
Common Area
Units:
11
Complex:
Valley Falls
Heating:
Baseboard, Central
Cooling:
None
Basement:
Full
Parking:
24-car
Est. Taxes:
$16,646
Assessment
$1,110,500
Permitted Use
Multi-Family,Residential
Utilities
Natural Gas Connected,Municipal Utilities,Water Connected,Sewer Connected
Amenities:
Highway Access, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping
Days on Market:
72
MLS #:
1341872
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of Smith and Oak Real Estate Co. Phone: 401-464-2617