99 Main St Main St Lincoln, RI 02802
- Land
Current Use by Public Records
- Land
Property Details for 99 Main St Main St
- Year built
- 1915
- Property type
- Land
- Property subtype
- Apartment buildings
Description
This exceptional investment opportunity presents a well-maintained five-unit multifamily property nestled in the charming village of Albion, Rhode Island. Located at 99-103 Main Street, Lincoln, RI 02802, this property boasts a substantial lot size of 10,454 square feet. The building, constructed in 1915, comprises a single structure housing five rental units. Currently, four of the units are two-bedroom, one-bathroom apartments. Two units are undergoing renovations, and upon completion, rents are projected to reach $1500 per month. This presents a significant opportunity to increase the property's overall income potential. The property's address is 99-103 Main Street, situated in Providence County. This property is listed at $829,900 and offers a compelling return on investment. Note that this property can be purchased as a package with a separate property (MLS number 1351800, located at 96 Main St). This presents a unique opportunity for investors seeking to expand their portfolio in a desirable Rhode Island location. The property's prime location and strong rental demand make it an attractive investment for both seasoned and new investors. Detailed financial projections are available upon request.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lincoln
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.4574
- Latitude
- 41.9526