$900,000
About this home
WOW - CALLING ALL INVESTORS ON THIS ONE! Two houses on one lot. This turn key fully performing 8 unit property comprises a seven unit and a single family residence. This is the perfect income generating property that you do not want to miss! The main building features six 2 beds 1 bath units and one 1 bed 1 bath unit, with an average of 800 sqft per unit, while the rear building is a single family home featuring 3 beds and 1 bath with 978 square feet. On the outside, the property has been well maintained, in addition to the updated roof and driveways that offers ample room for all the tenants. Many new mechanicals throughout and updates done throughout the property. Investors looking for good long term equity and cash-flow, this is perfect for you.High cap rate of 9.29 % and tenants are responsible for their own utilities.
Affordability — calculate your monthly payment
Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrJumbo at 4% APR.
- Real estate (PITI + HOA + PMI)
- $6,282
- Utilities
- $3,996
- Transportation
- $141
- Other (entertainment)
- $140
Quick facts
At a glance
Home features
Neighborhood — 02895
| Metric | This ZIP | County | USA |
|---|---|---|---|
| Population | 45,440 | 1,095,423 | 299,088,112 |
| Population Change Since1990 | 2.00% | 9.00% | 20.00% |
| Population Density | 5,676 | 994 | — |
| Male | 21,736 | 529,266 | 147,432,321 |
| Female | 23,704 | 566,157 | 151,655,844 |
| Never Married | 11,009 | 266,404 | 63,775,926 |
| Married | 15,768 | 435,678 | 123,120,365 |
| Separated | 2,038 | 43,642 | 12,639,686 |
| Widowed | 3,278 | 66,668 | 15,467,586 |
| Divorced | 4,065 | 83,843 | 23,075,029 |
| Number Of House Hold | 18,553 | 410,399 | 111,826,380 |
| Average House Hold Size | 2.37 | 2.56 | 2.60 |
| Medial Age | 35.35 | 37.27 | 35.46 |
| Median House Hold Income | $34,474 | $47,553 | $48,276 |
| Average House Hold Income | $42,753 | $61,609 | $63,629 |
| P C I | $18,397 | $23,965 | $24,529 |
| M D I | $30,455 | $40,634 | $41,133 |
| A T H E | $39,466 | $49,940 | $50,898 |
| S T R | 7.00% | 7.00% | — |
| W C J | 83.03% | 78.02% | 77.74% |
Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.
Map & walkability
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Listing information last refreshed 5/22/2024. Provided courtesy of the listing office via RI & State Wide MLS. Information deemed reliable but not guaranteed.