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Key Details
Sold Price $1,280,000
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision Centreville
MLS Listing ID 1400432
Sold Date 04/13/26
HOA Y/N No
Year Built 1991
Annual Tax Amount $14,000
Tax Year 2024
Lot Size 0.640 Acres
Property Sub-Type Commercial
Property Description
This is a great turnkey investment opportunity with a low-maintenance, two-building portfolio totaling 9 units at 28 30 Riverdale Avenue, producing a strong NOI of $123,105. 28 Riverdale is a clean and well-kept duplex tucked toward the back of the lot, offering two 2-bed/1 1/2 -bath units with in-unit laundry, separate utilities, a private deck all overlooking the Pawtuxet River. 30 Riverdale has seven units five 2-bedrooms and two 1-bedrooms and comes with updated features including an up-to-date fire alarm system, lead-safe certificates, and high-efficiency Navien heating systems (installed 2023 & 2024). There's also coin-op laundry in the basement. Tenants cover their own electric, while heat and hot water are included. Both buildings share 14 assigned parking spaces, making this a solid, income-producing property with long-term stability and strong rental appeal.
Location
State RI
County Kent
Community Centreville
Zoning R6
Rooms
Basement Full
Interior
Heating Baseboard, Gas
Laundry Laundry Room
Exterior
Community Features Highway Access, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping
Utilities Available Cable Available, Electricity Available, Natural Gas Connected, Municipal Utilities, Water Connected, Sewer Connected
View Y/N Yes
View Water
Total Parking Spaces 14
Building
Story 3
Foundation Concrete Perimeter, Stone
Sewer Connected, Public Sewer
Water Connected, Public
Level or Stories 3
New Construction No
Others
Tax ID 2830RIVERDALEAVWWAR
Security Features Carbon Monoxide Detector(s),Fire Alarm,Fire Escape,Smoke Detector(s)
Financing Conventional,1031 Exchange
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