31 - 45 South Main ST, Burrillville, RI 02859

$649,999  |  Apartment, Barber/Beauty, Residential  |  Commercial/Business  |  MLS # 1334909

Non commercial(residential) financing available! 5 Potential residential units, 3 garages, parking lot, on a waterfront lot on Union Pond. Natural gas available at the street. Property is stabilized, fully rented at a 7%+ CAP rate with moderate rents. The community has waiting lists for residential rentals. The stand alone studio apartment was previously a barber shop/hair salon and can be converted back. Sale will include the metal sign holder for the front of the stand along building in front. Current income does not include 1 garage space that is owner occupied. With reasonable rent increases, property could easily be an 8% or 9% CAP rate at asking price. Sale includes TWO lots. The parking lot, #31 South Main St, is a separate deeded lot. This would make an excellent investment/1031 exchange.


Location
City Burrillville
Historic None
Interior
Living Area 0 Sq.Ft.
Electric 100 Amps, Individual Meter
Basement Type Partial
FurnishedNo
Exterior
Parking Spaces 14
Sewer Connected
Acreage 0.6900
Additional Information
Assessment $456,400
Assessor Lot 18/19
Assessor Plat 192
Occupancy Close Negotiable

Listing Office: SkyView Realty
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. © 2016 State-Wide Multiple Listing Service. All rights reserved.

Information is deemed reliable but is not guaranteed

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. ©2024 State-Wide Multiple Listing Service. All rights reserved.