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Caldwell Realty

Caldwell Realty

North Kingston, RI 02852

401-837-2518
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Listing 8 out of 152
$349,900 For Sale

280 Austin Rd
North Kingstown, RI 02852

4 units | Multi Family Home
0.9524 acres - MLS# 1222943
Property Photo
1/40

Description

Rare legal 5-family situated on a picturesque site with a beautiful flowing river. This investment property checks all the blocks...plenty of off-street parking, fully occupied with roughly $66,000 in gross annual rents, long term tenants with very low vacancy. Two high efficiency boilers provide heat to all tenants with relatively low gas consumption. Heat, hot water, and electricity is included in all rents yet overall expenses on the property remain very low (see attached profit and loss). After accounting for projected expenses and mortgage payment this property should cash flow roughly $15,000 per year! Property will be sold "as-is" with some tlc and potential structural work required.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • County/Area: Washington County
  • Zip Code: 02852
  • Year Built: 1790
  • Style: Apartment
  • Total Rooms: 17
  • Units: 4 units
  • Bedrooms: 5
  • Full Baths: 4
  • Basement: Interior and Exterior, Unfinished, Full
  • Lot Size: 0.9524 acres
  • Baths: 4
  • Approx Lot Square Foot: 41488.0000
  • Asso Fee Per: Year
  • Certificateof Legal Use: 1
  • Electric: Circuit Breaker
  • Exterior: Clapboard
  • Finished Floor: Hardwood, Vinyl
  • Foundation Type: Mixed
  • Heat Paid By: Owner
  • Heating Fuel: Gas
  • Heating System: Baseboard, Forced Water
  • Hot Water: Gas, Tankless
  • Last Change Type: Active
  • Laundry: Yes
  • Main Type: 2-4 Units Multi Family
  • Near: Golf, Highway Access, Interstate, Public School, Railroad, Schools, Shopping
  • Number Of Buildings: 1
  • Number Of Heat Systems: 2
  • Number Of Levels: 2
  • Onsite Parking Spaces: 12
  • Owner Annual Expenses: 30243.0000
  • Owner Annual Income: 66000
  • Plumbing: Mixed
  • Sewer: Septic System
  • Total Parking Spaces: 12
  • Unit Count: 4
  • Unit Ttl Bedrms MFM: 5
  • Unit Ttl Full Baths MFM: 4
  • Unit Ttl Rent MFM: 3690
  • Water Supply: Municipal, Public Connected
Listed by: Keller Williams Realty Nri

Caldwell Realty
6500 Port Rd.
North Kingstown, RI 02852
Phone: 401-837-2518
Email: nate.chatterley@caldwellrealtyri.com

Testimonials

Nathan help my wife and I through multiple real estate transactions, Nate is professional with a true genuine concern to provide the best possible service to his clients. Always available to assist with questions and concerns. His in debt knowledge of home values, legal issues, financing and  complex multiple real estate action coordination far exceed my expectations. Highly recommend Nathan you will not be disappointed.  pwc02915
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