Pending
$700,000

543 Laurel Hill Avenue
Cranston, RI 02920

Apartment
Commercial
8
Beds
0.23
Acre Lot
RILiving> Rhode Island> Cranston> 02920
Gorgeous 5-unit investment property in mint condition located in a desirable single-family neighborhood in Cranston on a corner lot. The building features a strong unit mix, including a spacious 3-bed/1-bath unit, a 2-bed/1-bath unit, and three 1-bed/1-bath units. 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 #1362913

Courtesy: New England Apartment Group

1363017
Commercial - Apartment, Other
8
1920
Providence
0.23 Acres
Public Water
Public Sewer
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100

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