280 Austin Rd

    North Kingstown, RI 02852
    • $349,900
    • STATUS: Active
    • ON SITE: 72 days
    • MLS #: 1222943
    UPDATED: 37 min ago
    $349,900
    • 5
      BEDS
    • 0.95
      ACRES
    • 4
      BATHS
    • 0
      1/2 BATHS
    • 5,369
      SQFT
    • $65
      $/SQFT
    Type:
    Multi-Family
    Built:
    1790
    County:

    School Ratings & Info

    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.

    Monthly Payment Calculator





    © 2019 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than Albert Realtors are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or Albert Realtors. 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. Data last updated: 2019-07-23T09:37:36.853.
    www.albertrealtors.com/homes/94677036

    280 Austin Rd North Kingstown, RI 02852

    • Price: $349,900
    • Status: Active
    • Updated: 37 min ago
    • MLS #: 1222943
    5
    Beds
    4
    Baths
    0
    ½ Baths
    0.95
    Acres
    5,369
    SQFT
    $65
    $/SQFT
    1790
    Built
    County:
    Washington
    Area:
    North Kingstown
    Property 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.
    Exterior Features

    Exterior Clapboard Foundation Type Mixed Garage Description None Onsite Parking Spaces 12 Parking Spaces 12 Type Apartment

    Interior Features

    Basement Access Interior And Exterior Basement Finish Unfinished Basement Type Full Cooling None Finished Floor HardwoodVinyl Heating System BaseboardForced Water Hot Water GasTankless Insulation Unknown Laundry Off Site Number Of Fireplaces 0 Number Of Heat Systems 2 Number Of Levels 2 Number Of Rooms 17 Plumbing Mixed Unit Total Bedrooms 5 Unit Total Full Baths 4 Unit Total Half Baths 0

    Property Features

    Adult Community YN No Assessment 323600.0000 Association Fee 0.0000 Association Fee Per Year Certificate Of Legal Use Yes Electric Circuit Breaker Elevation Certificate No Fire District Tax 0.0000 Green Construction YN No Heat Paid By Owner Heating Fuel Gas Historic Unknown Living Area Source Public Records Near GolfHighway AccessInterstatePublic SchoolRailroadSchoolsShopping Occupancy Close Negotiable Other Monthly Rents 0 Owner Annual Expenses 30243.0000 Owner Annual Income 66000 Pl Statement Yes Real Estate Taxes 6178.0000 Real Estate Taxes Yr 2018 Reo Or Bank Owned No Sewer Septic System Short Sale No Subsidized Housing No Time Share YN No Under Construction No Underground Tank Size Unknown Underground Tank Type Unknown Unit Count 4 Unit Total Rent 3690 Water Supply MunicipalPublic Connected

    Listing information © 2019 State-Wide Multiple Listing Service.
    Listing provided courtesy of Keller Williams Realty Nri.





    © 2019 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than Albert Realtors are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or Albert Realtors. 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. Data last updated: 2019-07-23T09:37:36.853.
     
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