$710,000 157 Smith Street Cranston, RI

MLS: 1275588   Type: Contingent   County: Providence   City: Cranston   Neighborhood: Edgewood   Zip: 02905   Style: Commercial     Stories: 3   Taxes: $7,440

Mortgage $3,333 /mo



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6 UNIT, 8 CAP, $81,000 yearly gross income. An excellent opportunity to 1031-Exchange or collect rental income. This six unit located in the desirable Edgewood section of Cranston features 4 one-bedrooms with private entrances, and 2 studios. All units were updated within the past 4 years; new cabinets, granite counters, stainless steel appliances and updated bathrooms. Hardwood floors and tile. An oversize yard and parking lot overlooking Johnson & Wales Harborside Campus. Convenient location near highways, restaurants, bars and more. Turn key, fully rented with current MONTHLY rental income of $6750, below market, room for rent increase. Currently owner pays all utilities(gas, electric, heat, water & sewer). There are six separate gas meters, hence the gas can be charged back to tenants. FIRE CODED.

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Price History

2/17/2021 Listed $710,000

Community Features Highway Access, Marina, Public Transportation, Sidewalks
Cooling None
Electric 200+ Amp Service
Heating Baseboard
Land Lease Y/N No
Possible Use Investment, Multi-Family, Residential
Property Attached Y/N Yes
Property SubType Commercial
Property Type Commercial Sale
Security Features Carbon Monoxide Detector(s), Fire Alarm, Fire Escape, Smoke Detector(s)
Sewer Connected, Public Sewer
Structure Type Apartment
Subdivision Name Edgewood
Total Units 7
Utilities Electricity Available, Natural Gas Available, Natural Gas Connected, Sewer Connected, Water Connected
Virtual Tour https://mls.kuu.la/share/collection/7Yprt?fs=1&vr=1&zoom=1&thumbs=1

Interior Features

Above Grade Finished Area 3525
Air Conditioning Y/N No
Basement Full
Heating Y/N Yes
Total Baths 0

Exterior Features

Foundation Details Brick/Mortar
Lot Size Acres 0.22
Lot Size Area 9504
Lot Size Square Feet 9504
Number of Buildings 1
Road Frontage Type City Street
Road Surface Type Concrete
Total Parking 11
Water Source Connected, Public

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Property vs Zip Code Avg (02905)

Price 710K Avg 352K

Sqr Feet 3,525 Avg 2,918

Cost / Sqr Ft $201 Avg $121

Taxes $7,440 Avg $4,917

Acres 0.22 Avg 0.1

Visits 6 Avg 21

Days on Site 55 Avg 75

Walkscore® 69 Avg 70

Data Provided by Walkscore ® not using MLS data

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Listing Provided Courtesy Of: Steele Realty Consultants LLC

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Location & Address

Albert Realtors
1050 Reservoir Avenue
Cranston, RI