280 Austin RD, North Kingstown, Rhode Island 02852

$349,900
List Price
$349,900
MLS#
1220034
Status
ACTIVE
Type
Commercial
City
North Kingstown
County
Washington
Year Built
1790
Lot Size SqFt
41,488

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.

Additional Information

Community Features
Golf, Highway Access, Interstate, Public School, Railroad, Schools, Shopping
Cooling
None
Heat System
Baseboard, Forced Water
Sewer
Septic System
Water
Municipal, Public Connected
Foundation Type
Mixed
Parking Spaces
12
Heat System
Baseboard, Forced Water
Cooling
None
Sewer
Septic System
Association Fee
0.0000
Association Fee Frequency
Year
Tax Year
2018
Basement Type
Full
Taxes
$6,178
HOA / Condo Fees
0.0000
Community Features
Waterfront, Waterview

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 Keller Williams Realty NRI.

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