23 Melrose St

    East Greenwich, RI 02818
    • $950,000
    • STATUS: Active
    • MLS #: 1219444
    UPDATED: 49 min ago
    $950,000
    • 9
      BEDS
    • 0.1
      ACRES
    • 8
      BATHS
    • 0
      1/2 BATHS
    • 7,034
      SQFT
    • $135
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1930
    County:

    School Ratings & Info

    Description

    Fantastic opportunity in downtown EG steps to Main St! 8 unit multi family with driveway parking that is also directly across the street from a municipal lot providing ample parking for all tenants. Many updates/upgrades in the last 2 years that have raised the NOI significantly. Plenty of room to continue to increase the NOI for a cash cow. Currently generating $7,175 in monthly rents plus additional income from coin op laundry. Fully occupied building. Call today to schedule your private showing.

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    © 2019 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than Spectrum Real Estate Consultants | Keller Williams Realty are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or Spectrum Real Estate Consultants | Keller Williams 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. Data last updated: 2019-06-18T15:37:44.85.
    www.spectrumrec.com/homes/93566480

    23 Melrose St East Greenwich, RI 02818

    • Price: $950,000
    • Status: Active
    • Updated: 49 min ago
    • MLS #: 1219444
    9
    Beds
    8
    Baths
    0
    ½ Baths
    0.1
    Acres
    7,034
    SQFT
    $135
    $/SQFT
    1930
    Built
    Neighborhood:
    Hill & Harbor
    County:
    Kent
    Area:
    East Greenwich
    Property Description
    Fantastic opportunity in downtown EG steps to Main St! 8 unit multi family with driveway parking that is also directly across the street from a municipal lot providing ample parking for all tenants. Many updates/upgrades in the last 2 years that have raised the NOI significantly. Plenty of room to continue to increase the NOI for a cash cow. Currently generating $7,175 in monthly rents plus additional income from coin op laundry. Fully occupied building. Call today to schedule your private showing.
    Exterior Features

    Exterior ClapboardShingles Foundation Type Mixed Garage Description None Onsite Parking Spaces 3 Parking Spaces 3 Type Apartment

    Interior Features

    Basement Access Interior And Exterior Basement Finish Unfinished Basement Rooms Type LaundryStorage AreaUtility Basement Type Full Cooling Wall UnitWindow Units Finished Floor HardwoodWall To Wall Carpet Fireplace None Heating System Steam Hot Water Gas Insulation Unknown Laundry CommonIn Building Number Basement Rooms 4 Number Of Fireplaces 0 Number Of Heat Systems 2 Number Of Levels 3 Number Of Rooms 16 Plumbing Mixed Unit Total Bedrooms 9 Unit Total Full Baths 8 Unit Total Half Baths 0 Wall Dry Wall

    Property Features

    Adult Community YN No Assessment 625400.0000 Certificate Of Legal Use Yes Electric 200 Amps Elevation Certificate No Green Construction YN No Heat Paid By Owner Heating Fuel Gas Heating Fuel Usage Unknown Historic Unknown Living Area Source Public Records Occupancy Close Negotiable Other Monthly Rents 3000 Owner Annual Expenses 27584.0000 Owner Annual Income 89100 Pl Statement Yes Real Estate Taxes 14385.0000 Real Estate Taxes Yr 2018 Reo Or Bank Owned No Sewer Connected Short Sale No Subsidized Housing No Time Share YN No Under Construction No Underground Tank Size Unknown Underground Tank Type Unknown Unit Count 4 Unit Total Rent 7175 Water Supply Connected

    Listing information © 2019 State-Wide Multiple Listing Service.
    Listing provided courtesy of Esquire Property.





    © 2019 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than Spectrum Real Estate Consultants | Keller Williams Realty are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or Spectrum Real Estate Consultants | Keller Williams 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. Data last updated: 2019-06-18T15:37:44.85.
     
    Spectrum Real Estate Consultants | Keller Williams Realty
    14 Breakneck Hill Rd. STE. 101
    Lincoln RI, 02865