23 Melrose ST, East Greenwich, Rhode Island 02818

$950,000
9
BD
8
BA
List Price
$950,000
Price Change
▼ $25,000 1559072821
MLS#
1219444
Status
ACTIVE
Type
Multifamily
City
East Greenwich
County
Kent
Neighborhood
Hill & Harbor
Bedrooms
9
Full Baths
8
Bathrooms Total
8
Year Built
1930
Acres
0.101
Lot Size SqFt
4,400

Property Description

Fantastic opportunity in downtown EG steps to Main St! 8 unit multi family with driveway parking that is also directly across the street from a municipal lot providing ample parking for all tenants. Many updates/upgrades in the last 2 years that have raised the NOI significantly. Plenty of room to continue to increase the NOI for a cash cow. Currently generating $7,175 in monthly rents plus additional income from coin op laundry. Fully occupied building. Call today to schedule your private showing.

Additional Information

Annual Income
89100
Annual Expenses
27584
Exterior
Clapboard, Shingles
Electric
200 Amps
Cooling
Wall Unit, Window Units
Sewer
Connected
Plumbing
Mixed
Water
Connected

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Esquire Property.

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