543 Laurel Hill Avenue, Cranston, RI, 02920
23 rooms
8 beds
5 Full baths
1920
Gorgeous investment property in mint condition located in a desirable single-family neighborhood in Cranston on a corner lot. Several of the units have received interior upgrades over the years. All units are clean, in mint condition, and have excellent tenants! The property boasts a 7.7% cap rate with a 10% cap and 16% cash-on-cash returns at pro-forma. Total pro-forma annual income is $102,000, with a current annual income of $84,600. There are off-street parking spaces for tenants, a wrap-around porch, a covered patio, ample off-street parking, and 2 garages. This is a great opportunity to acquire an asset that cash flows from day one and still has significant value to add plus upside in the rent roll. Financials are available upon request. Also listed #1363017
Status:
Pending
Type:
Multi-family
Units:
4
Garage:
3-car Detached, Garage
Heating:
Baseboard, Gas, Steam
Cooling:
None
Basement:
Exterior Entry, Full, Finished, Interior Entry
Parking:
10-car
Acreage:
0.23
Est. Taxes:
$8,399
Assessment
$600,300
Construction
Vinyl Siding
Utilities
Sewer Connected
Lot Description:
Corner Lot
Amenities:
Golf, Highway Access, Marina, Near Hospital, Near Schools, Other, Public Transportation, Recreation Area, Restaurant, Shopping, See Remarks, Tennis Court(s)
Days on Market:
31
Appliances:
Gas Water Heater
MLS #:
1362913
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of New England Apartment Group Phone: 508-330-0325