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    Broad St Cumberland, RI 02864

    Sponsored
    For Sale
    $599,999

    Multi-family, renovated, high ROI potential.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional investment property in Cumberland, RI, presents a rare opportunity to acquire a multi-unit complex offering significant income potential. The property comprises two buildings situated on a 0.16-acre lot located on Broad Street. Both buildings have undergone complete interior renovations, ensuring modern and attractive living spaces for tenants. The roofs on both structures are only five years old, minimizing immediate maintenance concerns. The front building is a three-unit structure. The ground floor offers commercial space, ideal for a variety of businesses. The second and third floors each consist of a two-bedroom, one-bathroom apartment, each with a bonus room on the second floor. The rear building is a single-family home featuring three bedrooms and one and a half bathrooms. A shared water supply services both buildings. This property is being sold as a single package, presenting a unique opportunity for investors seeking a diversified portfolio or a substantial rental income stream. The asking price is $599,999. The square footage is not currently available. This is an excellent opportunity to capitalize on the strong rental market in Cumberland. The combination of commercial and residential units provides a balanced and potentially lucrative investment. Serious inquiries are encouraged.

    Property Features for Broad St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    6,970 SF

    Building Details

    Year Built
    1940
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Cumberland
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.39043
    Latitude
    41.89971

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    FAQs

    What type of property is this?
    Commercial real estate - Multi-family, renovated, high ROI potential.
    Where is this commercial real estate located?
    The property is located at Broad St Cumberland, RI.
    What is the asking price?
    The asking price for this property is $599,999.
    (855) 886-3342
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    Broad St Cumberland, RI 02864
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Broad St Cumberland, RI 02864
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