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20 Shady Lea Rd, North Kingstown, RI – $620,000

  • 4 Beds
  • 6 Baths
  • 4,301 Sqft
  • 1.18 Acres
  • 4 Beds
  • 6 Baths
  • 4,301 Sqft
  • 1.18 Acres

20 Shady Lea Rd

Exceptional 4-Unit Multifamily residential building in a great NK location on Shady Lea Rd. All four units are oversize one bedroom units with upstairs units featuring extra rooms on third floor for home office or art/yogo studio space. Huge yard and outdoor garden.
Great for potential owner occupant, investor, condo conversion... NOTE: Conventional financing only-property will not qualify for FHA/VA mortgage. Owner willing to Finance for well qualified buyer.
Historic Rodman Mansion (ca. 1850), Apartments include:
- Huge windows (double pane double hung energy efficient)
- Wide plank hardwoods 
- New bamboo flooring throughout the third floor
- Marble tiled bathrooms
- Claw foot tubs
- 9 foot ceilings
- Custom moldings
Three of the units are currently occupied and forth unit is vacant and ready for rental or owner occupancy. This property is a great investment opportunity for immediate cash flow for an investor or owner occupied. ($55,440 annual rental income). Additional income from coin-op laundry. Yearly income could easily be increased by $14,400 to align with current market rates. These beautiful units are a very rare find in North Kingstown. Some tenants are on month-to-month leases.

Essential Information

  • MLS® #1230752
  • Price$620,000
  • Bedrooms4
  • Bathrooms6.00
  • Full Baths5
  • Half Baths1
  • Square Footage4,301
  • Acres1.18
  • Year Built1880
  • TypeResidential Income
  • Sub-TypeMulti Family
  • StatusActive
  • HOA Dues0.00

Community Information

  • Address20 Shady Lea Rd
  • SubdivisionShady Lea
  • CityNorth Kingstown
  • CountyWashington
  • StateRI
  • Zip Code02852

Amenities

  • Parking Spaces10
  • ParkingNone
  • GaragesNone

Interior

  • InteriorHardwood, Laminate, Marble
  • Interior FeaturesTub Shower, Cable TV
  • HeatingForced Air, Hot Water, Oil
  • CoolingNone
  • FireplaceYes
  • # of Fireplaces1
  • # of Stories3

Appliances

Dryer, Oven, Range, Refrigerator, Washer

Exterior

  • ExteriorDrywall, Plaster, Clapboard
  • ConstructionDrywall, Plaster, Clapboard
  • FoundationCombination, Basement

Additional Information

  • Date ListedAugust 15th, 2019
  • Days on Market29

Listing Details

  • OfficeKeller Williams N. Kingstown
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Keller Williams N. Kingstown.

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 21st, 2019 at 4:04am CDT.