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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

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.
More about this property
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