Broad St Cumberland, RI 02864

Property Details for Broad St

Year built

1940

Lot size

0.16 lot acres

Property type

Commercial real estate

Description

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.