417 Broad St, Cumberland, RI 02864-7868
This exceptional Cumberland, RI investment property presents a rare opportunity to acquire a meticulously maintained multi-unit complex spanning 3,250 square feet on a 0.16-acre lot. The property comprises two buildings, both recently renovated with new interiors. The front building is a three-unit structure. The ground floor offers versatile commercial space, ideal for a variety of businesses. Above, the second and third floors each feature a two-bedroom, one-bathroom apartment, each with a bonus room on the second floor. The rear building is a charming three-bedroom, one-and-a-half-bathroom single-family residence. Both buildings benefit from recently replaced roofs (less than five years old), ensuring long-term cost savings. A shared water supply services both structures. This property is being offered as a package deal, presenting a unique opportunity for investors seeking a diversified portfolio or a savvy owner-occupant seeking rental income. The asking price for this turnkey investment is $599,999. This is an exceptional opportunity to acquire a high-yield property in a desirable location. The property's recent renovations and strong rental potential make it an attractive investment for both seasoned investors and those new to the market. Don't miss this chance to secure a valuable asset in the thriving Cumberland real estate market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
C-1 · Cumberland, RICumberland. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.