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.
Natural Gas Connected, Municipal Utilities, Water Connected, Sewer Connected
SEWER
Connected, Public Sewer
WATER SOURCE
Connected, Public
Year Built
1900
Basement
Full
FOUNDATION
Concrete Perimeter
PARKING SPACES
24
CITY
Cumberland
SUBDIVISION
Valley Falls
COUNTY
Providence
STATE
RI
COMMUNITY FEATURES
Highway Access, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping
TAX AMOUNT
16646.0
HOA FEE
0.0
LATEST UPDATE
2023-12-12T15:47:02.481Z
DAYS ON MARKET
72
PRICE CHANGE(S)
$1,699,900 Oct 27, 2023
Property Details
Property TypeCommercial
StatusPending
Property Sub TypeCommercial
MLS #1341872
LAUNDRY FEATURESCommon Area
HeatingBaseboard, Central
CoolingNone
Utility FeaturesNatural Gas Connected, Municipal Utilities, Water Connected, Sewer Connected
SEWERConnected, Public Sewer
WATER SOURCEConnected, Public
Year Built1900
BasementFull
FOUNDATIONConcrete Perimeter
PARKING SPACES24
CITYCumberland
SUBDIVISIONValley Falls
COUNTYProvidence
STATERI
COMMUNITY FEATURESHighway Access, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping
TAX AMOUNT16646.0
HOA FEE0.0
LATEST UPDATE2023-12-12T15:47:02.481Z
DAYS ON MARKET72
PRICE CHANGE(S)
$1,699,900 Oct 27, 2023
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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