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Key Details
Sold Price $825,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,014 sqft
Price per Sqft $164
MLS Listing ID 1381856
Sold Date 05/16/25
Bedrooms 7
Full Baths 4
HOA Y/N No
Abv Grd Liv Area 5,014
Year Built 1940
Annual Tax Amount $4,831
Tax Year 2024
Lot Size 1.310 Acres
Acres 1.31
Property Sub-Type Multi Family
Property Description
Cash-Flowing 4-Unit Multifamily with Expansion Potential Investor's dream in the heart of Burrillville! This well-maintained four-unit multifamily property offers strong existing cash flow with long-term tenants in place, making it a turn-key addition to any portfolio. The 2nd floor has a 3 bed town house that has been completely renovated as well as a separate 2 bed apartment. The first floor has a 2 bedroom apartment that has been completely renovated and a 2 bedroom apartment that has been updated with in unit laundry, All with separate utilities, all electric, central fire alarm, separate utilities, vinyl siding, architectural shingles, city sewer and stable rental income with cash flow of 7600 for 4 units. But the real value lies in the potential: Ability to finish the basement for a 5th unit perfect for increasing NOI and property value. Includes a potentially buildable lot, opening doors for future condo development or resale. Plenty of off-street parking and a spacious yard add tenant appeal and development flexibility. Whether you're looking to house hack, expand your investment portfolio, or build out additional units, this property offers multiple value-add opportunities in a strong rental market. Don't miss out opportunities like this are rare in Burrillville. Reach out today for financials or a private tour!
Location
State RI
County Providence
Zoning R40
Rooms
Basement Exterior Entry, Full, Interior Entry, Unfinished
Interior
Heating Baseboard, Electric
Cooling None
Flooring Ceramic Tile, Laminate
Fireplace No
Appliance Electric Water Heater
Exterior
Total Parking Spaces 10
Garage No
Building
Sewer Public Sewer
Water Private
Structure Type Vinyl Siding
New Construction No
Others
Senior Community No
Tax ID 4446VILLAGEWYBURR
Financing Conventional
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