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    157 Smith Street

    Cranston, RI 02905
    • $710,000
    • STATUS: Active Under Contract
    • ON SITE: 16 days
    • MLS #: 1275588
    Under Contract
    $710,000
    • 0
      BEDS
    • 0.22
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,525
      SQFT
    • $201
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1920
    County:
    Area:

    School Ratings & Info

    Description

    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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    © 2021 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than Nicholas Taylor Real Estate Group are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or Nicholas Taylor Real Estate Group. 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. Data last updated: 2021-03-05T23:37:45.673.
    www.nicholastaylorre.com/homes/114309345
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    157 Smith Street Cranston, RI 02905

    • Price: $710,000
    • Status: Active Under Contract
    • MLS #: 1275588
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.22
    Acres
    3,525
    SQFT
    $201
    $/SQFT
    1920
    Built
    Neighborhood:
    Edgewood
    County:
    Providence
    Area:
    Cranston
    Property Description
    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.
    Exterior Features

    Foundation Details Brick/Mortar Parking Total 11

    Interior Features

    Basement Full Basement YN Yes Cooling None Heating Baseboard

    Property Features

    Community Features Highway AccessMarinaPublic TransportationSidewalks Electric 200+ Amp Service Gross Income 81000 Land Lease YN No Operating Expense 0 Owner Pays All Utilities Possible Use InvestmentMulti-FamilyResidential Property Sub Type Commercial Road Frontage Type City Street Road Surface Type Concrete Security Features Carbon Monoxide Detector(S)Fire AlarmFire EscapeSmoke Detector(S) Sewer ConnectedPublic Sewer Tax Annual Amount 7440 Tax Assessed Value 288700 Tax Lot 2 Tax Year 2020 Tenant Pays Cable Tv Utilities Electricity AvailableNatural Gas AvailableNatural Gas ConnectedSewer ConnectedWater Connected Water Source ConnectedPublic

    Listing information © 2021 State-Wide Multiple Listing Service.
    Listing provided courtesy of Steele Realty Consultants Llc.





    © 2021 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than Nicholas Taylor Real Estate Group are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or Nicholas Taylor Real Estate Group. 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. Data last updated: 2021-03-05T23:37:45.673.
     
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    Nicholas Taylor Real Estate Group
    908 Reservoir Avenue
    Cranston RI, 02910