44 Division ST, Lincoln, Rhode Island 02838

$1,250,000
List Price
$1,250,000
Price Change
▼ $45,000 1563234109
MLS#
1222127
Status
ACTIVE
Type
Commercial
City
Lincoln
County
Providence
Year Built
1880
Lot Size SqFt
10,000

Property Description

INVESTMENT OPPORTUNITY!! Entire Portfolio Consisting of 25 Units in Total in 7 Buildings. 8% CAP Rate With Current Operating Income of Almost $180k/Yr! Many of the Units Are Updated, Many Have New Efficient Heating Systems. All Maintenance and Repairs are up to Date and Have Excellent Occupancy History. All but one Unit are Currently Rented. Start Generating Income Immediately. This Property is part of a Portfolio and may be combined with with MLS #'s 1222615, 1222612, 1222610, 1222127(commercial), 1222616. Seller is willing to part out individual properties. 282 and 294 Diamond Hill Rd Must Be sold Together. These Properties Share a Driveway and Parking Lot.

Additional Information

Sewer
Municipal
Parking Spaces
6
Sewer
Municipal
Tax Year
2019
Basement Type
Full
Taxes
$11,029

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 The Mello Group, Inc..

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. Information is deemed reliable but is not guaranteed. © 2019 State-Wide Multiple Listing Service. All rights reserved. Data Last Updated: