41 Washington, Cranston, RI, 02920

4-family in Cranston offering a strong value-add opportunity for investors or experienced buyers. The property features a desirable unit mix with two 1-bedroom units on the first floor, a spacious 3-bedroom unit on the second floor, and a 2-bedroom unit on the third floor. Recent improvements include remodeled kitchens in Units 1R and 2F, newer vinyl siding, replacement windows, and upgraded mechanicals. Interior conditions vary, with select units recently updated while others offer additional upside through cosmetic improvements and rent optimization. Ideal opportunity for investors seeking cash flow, forced appreciation, or long-term portfolio growth in a strong Cranston rental market. Property offers multiple income streams with clear value-add potential. Property is being sold as-is. Seller will not perform repairs or upgrades beyond any basic safety items deemed necessary for closing. Sale is subject to seller obtaining suitable housing. Seller may also consider a short-term rent-back period after closing if mutually agreeable. Conservative Estimates for Market Rents: 1F Rear Studio $1,550 | 1F Front 1BR $1,750 | 2F 3BR $2,150 | 3F 3BR $2,050 Estimated Gross Annual Income Potential: $90,000.00

Residential Income
$609,000
Location
City/TownCranston
CountyProvidence
Community FeaturesBus, Highway Access, Interstate, Public School, Restaurants, Shopping
Interior
Living Area5,025 sq. ft.
Rooms15
HeatingNatural Gas, Baseboard, Forced Air
CoolingNone
Interior FeaturesWall (Dry Wall), Wall (Paneled), Wall (Plaster), Attic, Plumbing (Mixed), Insulation (Cap)
Additional Information
Tax Assessment$392,100
ZoningM2
Exterior
Acreage0.1263
Exterior FeaturesPorch
Listed By: Re/Max One

Information is deemed reliable but is not guaranteed.

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