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280 Austin Rd, North Kingstown, RI – $349,900

  • $350k Price
  • 92 DOM
  • $350k Price
  • 92 DOM

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
  • TypeCommercial Sale
  • StatusActive
  • HOA Dues0.00

Community Information

  • Address280 Austin Rd
  • CityNorth Kingstown
  • CountyWashington
  • StateRI
  • Zip Code02852

Amenities

  • Parking Spaces12
  • ViewWater

Utilities

Electricity Available, Natural Gas Available, Natural Gas Connected, Municipal Utilities, Water Connected

Interior

  • HeatingBaseboard, Hot Water
  • CoolingNone
  • # of Stories2

Exterior

  • FoundationCombination, Basement

Additional Information

  • Date ListedApril 10th, 2019
  • Days on Market92

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 September 22nd, 2019 at 7:01am CDT.