$750,000
$700,000
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543 Laurel Hill AVE Cranston, RI 02920
8 Beds
5 Baths
8,374 SqFt
Key Details
Sold Price $750,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 8,374 sqft
Price per Sqft $89
MLS Listing ID 1362913
Sold Date 01/31/25
Bedrooms 8
Full Baths 5
HOA Y/N No
Abv Grd Liv Area 8,374
Year Built 1920
Annual Tax Amount $8,399
Tax Year 2023
Lot Size 10,018 Sqft
Acres 0.23
Property Sub-Type Multi Family
Property Description
Gorgeous investment property in mint condition located in a desirable single-family neighborhood in Cranston on a corner lot. Several of the units have received interior upgrades over the years. All units are clean, in mint condition, and have excellent tenants! The property boasts a 7.7% cap rate with a 10% cap and 16% cash-on-cash returns at pro-forma. Total pro-forma annual income is $102,000, with a current annual income of $84,600. There are off-street parking spaces for tenants, a wrap-around porch, a covered patio, ample off-street parking, and 2 garages. This is a great opportunity to acquire an asset that cash flows from day one and still has significant value to add plus upside in the rent roll. Financials are available upon request. Also listed #1363017
Location
State RI
County Providence
Rooms
Basement Exterior Entry, Full, Finished, Interior Entry
Interior
Heating Baseboard, Gas, Steam
Cooling None
Flooring Ceramic Tile, Hardwood, Vinyl
Fireplaces Number 2
Fireplace Yes
Appliance Gas Water Heater
Exterior
Exterior Feature Porch, Patio
Parking Features Detached
Garage Spaces 3.0
Community Features Golf, Highway Access, Marina, Near Hospital, Near Schools, Other, Public Transportation, Recreation Area, Restaurant, Shopping, See Remarks, Tennis Court(s)
Utilities Available Sewer Connected
Porch Patio, Porch
Total Parking Spaces 10
Garage Yes
Building
Lot Description Corner Lot
Sewer Connected, Public Sewer
Water Connected, Public
Structure Type Vinyl Siding
New Construction No
Others
Senior Community No
Tax ID 543LAURELHILLAVCRAN
Financing Conventional
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