Home » Real Estate » RI » Cumberland » 02864 » 125 Broad Street / 8 Bells / 12-16 Bells Court, Cumberland, RI, 02864
$1,699,900

125 Broad Street / 8 Bells / 12-16 Bells Court, Cumberland, RI, 02864

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.
Offered By
Smith and Oak Real Estate Co.

Property Details

Property Type Commercial
Status Pending
Property Sub Type Commercial
MLS # 1341872

Market Trends

New Properties On Market
41
41% Increase In New Listings
Average Asking Price
$471,889
$163,335 Decrease In Avg Asking Price
Average Asking Price / Sq. Ft.
$236
$66 Increase In List Price/Sq. Ft.
Average Days On Market
12
5 Day Decrease In Days On Market
Data as of May 19, 2024. Remaining statistics above are calculated on activity within the period from Mar 01, 2024 to Apr 30, 2024.

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IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed. © 2021 State-Wide Multiple Listing Service. All rights reserved.
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