Chapel St Burrillville, RI 02830

Property Details for Chapel St

Year built

1888

Lot size

0.75 lot acres

Property type

Commercial real estate

Description

This exceptional mixed-use property presents a lucrative investment opportunity in the heart of Burrillville, Rhode Island. Situated on a 0.75-acre lot, this fully fire-coded building offers a blend of residential and commercial spaces, generating diverse income streams. The residential component comprises six apartments: two three-bedroom units and four two-bedroom units. Each unit benefits from separate utility meters, simplifying management and tenant billing. The commercial space consists of three street-level storefronts, ideal for a variety of businesses. Ample off-street parking is available for residents and patrons, a significant advantage in a bustling downtown area. All essential utilities, including water and sewer, are connected, ensuring seamless operation. This property is offered at $650,000 and represents a rare chance to acquire a well-maintained, income-producing asset in a desirable Rhode Island location. The combination of residential and commercial tenants provides a stable and diversified revenue base, making this an attractive investment for both seasoned and emerging real estate investors. The property's central location within Burrillville offers easy access to local amenities, transportation routes, and a thriving community. This is a turnkey opportunity with immediate income potential.