UPDATED:
Key Details
Sold Price $605,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,025 sqft
Price per Sqft $120
Subdivision Arlington
MLS Listing ID 1412357
Style Stacked
Bedrooms 8
Full Baths 4
Year Built 1920
Annual Tax Amount $5,442
Tax Year 2026
Lot Size 5,501 Sqft
Property Sub-Type Multi Family
Property Description
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
Location
State RI
County Providence
Community Arlington
Zoning M2
Interior
Heating Baseboard, Forced Air, Gas
Cooling None
Flooring Laminate
Fireplaces Type None
Laundry Common Area
Exterior
Exterior Feature Porch, Paved Driveway
Community Features Highway Access, Near Schools, Public Transportation, Restaurant, Shopping, Sidewalks
Utilities Available Sewer Connected
Building
Lot Description Corner Lot
Foundation Brick/Mortar, Stone
Sewer Connected, Public Sewer
Water Connected, Public
Structure Type Drywall,Plaster,Vinyl Siding
New Construction No
Others
Acceptable Financing Lease Back
Listing Terms Lease Back
Bought with Innovations Realty
NEARBY SCHOOL & BUSINESS
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