251 High, Cumberland, RI, 02864

Meticulously maintained and fully renovated 4-family, ideal for an owner-occupant or investor. Owned and extensively improved by an experienced home builder, this is as clean, turn-key and low-maintenance as multifamily gets. Each unit has been renovated from top to bottom with granite countertops, shaker cabinetry, updated bathrooms, and gleaming hardwood or modern flooring. The immaculate common areas reflect the same pride of ownership found throughout the property. Excellent unit mix includes two first-floor apartments—one 1-bedroom and one 2-bedroom—a second-floor 2-bedroom, and a townhouse-style 3-bedroom with two full bathrooms spanning the second and private third floors, offering the space and feel of a single-family home. Coin-operated laundry in the basement provides additional income and enhances tenant convenience. Currently generating $6,670 per month with excellent tenants in place and clear room for rent growth. Tenants pay their own utilities, helping keep owner expenses minimal. Additional features include efficient direct-vent gas heat, mini-splits, vinyl siding, striped off-street parking, outdoor space and a stone retaining wall. A rare opportunity to acquire stabilized cash flow in a strong Cumberland rental market. The property shows beautifully in photos, but the quality, cleanliness and overall feel are even more impressive in person—schedule a private showing to fully appreciate it.

Residential Income
$825,000
Location
City/TownCumberland
CountyProvidence
Community FeaturesBus, Commuter Bus, Golf, Highway Access, Hospital, Interstate, Marina, Private School, Public School, Railroad, Recreational Facilities, Restaurants, Schools, Shopping, Near Swimming, Tennis
Interior
Living Area4,375 sq. ft.
Rooms23
HeatingNatural Gas, Gas on Gas
CoolingWindow Unit(s)
Additional Information
Tax Assessment$414,200
Exterior
Acreage0.13
Listed By: New England Apartment Group

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