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280 Austin Rd, North Kingstown, RI 02852

5 Bed, 4 Bath Multi-Family Home For Sale

280 Austin Rd, North Kingstown, RI 02852 House For Sale - MLS #1222943
$349,900
5
4
Multi-Family
4 Family
Listed By: Keller Williams Realty Nri

Property Description for 280 Austin Rd, North Kingstown, RI 02852

Rare legal 5-family situated on a picturesque site with a beautiful flowing river. This investment property checks all the blocks...plenty of off-street parking, fully occupied with roughly $66,000 in gross annual rents, long term tenants with very low vacancy. Two high efficiency boilers provide heat to all tenants with relatively low gas consumption. Heat, hot water, and electricity is included in all rents yet overall expenses on the property remain very low (see attached profit and loss). After accounting for projected expenses and mortgage payment this property should cash flow roughly $15,000 per year! Property will be sold "as-is" with some tlc and potential structural work required.

Interior Details

5,369 sq. ft.
$65.17/sq. ft.
17
Septic System
Municipal; Public Connected

Exterior Details

0.95 acres
41,488 sq. ft.
12
Mixed

Other Details

1222943
1790
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(20%)

Monthly Mortgage Payments

$1,589
$2,214

Town Description

There were 10,154 households out of which 35.7% had children under the age of 18 living with them, 40.6% were married couples living together, 46.5% had a female householder with no husband present,...

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