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280 Austin Rd, North Kingstown, Rhode Island – $349,900

  • $350k Price
  • $350k Price

280 Austin Rd

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.

Essential Information

  • MLS® #1220034
  • Price$349,900
  • Bathrooms0.00
  • Acres0.00
  • Year Built1790
  • StatusActive
  • HOA Dues0.0000

Type

Commercial Multi and Mixed Use Listings

Community Information

  • Address280 Austin Rd
  • CityNorth Kingstown
  • CountyWashington
  • StateRhode Island
  • Zip Code02852

Amenities

  • Parking Spaces12

Amenities

Golf, Highway Access, Interstate, Public School, Railroad, Schools, Shopping

Utilities

Electric, Gas, Gas Connected, Municipal Water

Interior

  • HeatingBaseboard, Forced Water
  • CoolingNone

Exterior

  • FoundationMixed

Listing Details

  • OfficeKeller Williams Realty Nri
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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.

Listing information last updated on June 25th, 2019 at 12:46pm CDT.