63 Shady Lea Rd

    North Kingstown, RI 02852
    • $558,450
    • STATUS: Closed
    • ON SITE: 69 days
    • MLS #: 1223404
    Sold - 07/01/2019
    $558,450
    SOLD - 07/01/2019
    • 9
      BEDS
    • 0.34
      ACRES
    • 4
      BATHS
    • 0
      1/2 BATHS
    • 6,371
      SQFT
    • $88
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1850
    County:

    School Ratings & Info

    Description

    Exceptional and rare 4-Unit Multifamily residential building in a great NK location on Shady Lea Rd. All four units are currently occupied with quality long term tenants. This property is a great investment opportunity for immediate cash flow with lots of room to increase rents going forward. ($53,100.00 annual rental income currently). All tenants are on month-to-month leases. The building is mostly turn key as three of the four units have already been updated. Completed in the last few years: new roof, new vinyl siding, hardwood floors refinished, new double-pane double-hung energy efficient windows, chimney re-pointed, etc. Rare offering in North Kingstown!

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    © 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/94734935

    63 Shady Lea Rd North Kingstown, RI 02852

    • Price: $569,000
    • Status: Closed
    • Updated: 41 min ago
    • MLS #: 1223404
    9
    Beds
    4
    Baths
    0
    ½ Baths
    0.34
    Acres
    6,371
    SQFT
    $88
    $/SQFT
    1850
    Built
    Neighborhood:
    Shady Lea
    County:
    Washington
    Area:
    North Kingstown
    Property Description
    Exceptional and rare 4-Unit Multifamily residential building in a great NK location on Shady Lea Rd. All four units are currently occupied with quality long term tenants. This property is a great investment opportunity for immediate cash flow with lots of room to increase rents going forward. ($53,100.00 annual rental income currently). All tenants are on month-to-month leases. The building is mostly turn key as three of the four units have already been updated. Completed in the last few years: new roof, new vinyl siding, hardwood floors refinished, new double-pane double-hung energy efficient windows, chimney re-pointed, etc. Rare offering in North Kingstown!
    Exterior Features

    Exterior Vinyl Siding Foundation Type Mixed Garage Description None Onsite Parking Spaces 10 Parking Spaces 10 Type Side/SideUp/Down

    Interior Features

    Basement Access Interior And Exterior Basement Finish Unfinished Basement Type Full Cooling None Equipment Alarm OwnedOven/RangeRefrigerator Finished Floor HardwoodParquet Fireplace None Heating System Forced AirForced Water Hot Water Gas Insulation CeilingWalls Laundry In Building Number Basement Rooms 4 Number Of Fireplaces 0 Number Of Heat Systems 4 Number Of Levels 3 Number Of Rooms 21 Plumbing Mixed Unit Total Bedrooms 9 Unit Total Full Baths 4 Unit Total Half Baths 0 Wall Plaster

    Property Features

    Adult Community YN No Assessment 334000.0000 Association Fee 0.0000 Certificate Of Legal Use No Electric 200 Amps Elevation Certificate No Green Construction YN No Heat Paid By Tenant Heating Fuel Oil Heating Fuel Usage 400 - 800 Gals Historic Unknown Living Area Source Public Records Near BusCommuter BusGolfHighway AccessHospitalInterstateMarinaPrivate SchoolPublic SchoolRailroad Occupancy Close Negotiable Other Monthly Rents 0 Owner Annual Expenses 8710.0000 Owner Annual Income 53100 Pl Statement No Real Estate Taxes 6376.0000 Real Estate Taxes Yr 2018 Reo Or Bank Owned No Sewer Septic System Short Sale No Subsidized Housing No Time Share YN No Type Of Sale Conventional/Market Value Under Construction No Underground Tank Size None Underground Tank Type None Unit Count 4 Unit Total Rent 4425 Water Supply Connected

    Listing information © 2019 State-Wide Multiple Listing Service.
    Listing provided courtesy of Keller Williams N. Kingstown.





    © 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.
     
    Albert Realtors
    1050 Reservoir Avenue
    Cranston RI, 02910