280 austin road North Kingstown, RI 02852

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.


Property Details

MLS#
1220034
Type
Commercial
County
Washington
Year Built
1790
Lot Size
41,488 Sq Ft
Taxes
$6,178
Tax Year
2018

Additional Details


Exterior

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North Kingstown

North Kingstown is a small town on the west side of Narragansett Bay and has great beaches and boating.


School Information

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The real estate data on this web site comes in part from the IDX Program of the State-Wide Multiple Listing Service, Inc. The 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 deemed reliable but not guaranteed. Copyright© 2019 State-Wide MLS, Inc. All rights reserved. Data last updated 08/21/19.

LISTED BY: KELLER WILLIAMS REALTY NRI

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