There are multiple listings for this address:
543 Laurel Hill Avenue
Cranston, RI, 02920
$700,000
8 Beds
5 Baths
8,374 SqFt
0.23 Acres
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Gorgeous 5-unit investment property in mint condition located in a desirable single-family neighborhood in Cranston on a corner lot. The building features a strong unit mix, including a spacious 3-bed/1-bath unit, a 2-bed/1-bath unit, and three 1-bed/1-bath units. Several of the units have received interior upgrades over the years. All units are clean, in mint condition, and have excellent tenants! The property boasts a 7.7% cap rate with a 10% cap and 16% cash-on-cash returns at pro-forma. Total pro-forma annual income is $102,000, with a current annual income of $84,600. There are off-street parking spaces for tenants, a wrap-around porch, a covered patio, ample off-street parking, and 2 garages. This is a great opportunity to acquire an asset that cash flows from day one and still has significant value to add plus upside in the rent roll. Financials are available upon request. Also listed #1363017
Listing Provided Courtesy of New England Apartment Group

Property Details

Price:
$700,000
MLS #:
1362913
Status:
Pending
Beds:
8
Baths:
5
Address:
543 Laurel Hill Avenue
Type:
Multi Family
City:
Cranston
Listed Date:
Jul 3, 2024
State:
RI
Finished Sq Ft:
8,374
ZIP:
02920
Lot Size:
10,019 sqft / 0.23 acres (approx)
Year Built:
1920
Units:
4
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Schools

Interior

Appliances
Gas Water Heater
Bathrooms
5 Full Bathrooms
Cooling
None
Fireplaces Total
2
Flooring
Ceramic Tile, Hardwood, Vinyl
Heating
Natural Gas, Baseboard, Steam

Exterior

Community Features
Bus, Commuter Bus, Golf, Highway Access, Hospital, Interstate, Marina, Private School, Public School, Railroad, Recreational Facilities, Schools, Shopping, Pool, Tennis
Construction Materials
Vinyl Siding
Exterior Features
Patio, Porch
Parking Features
Detached
Parking Spots
10

Financial

Buyer Agent Compensation
1%%
Tax Year
2023
Taxes
$8,399

Map

Community

Similar Listings Nearby

543 Laurel Hill Avenue
Cranston, RI
543 Laurel Hill Avenue
Cranston, RI, 02920
$700,000
Beds
0 Baths
0 SqFt
0.23 Acres
Add
Gorgeous 5-unit investment property in mint condition located in a desirable single-family neighborhood in Cranston on a corner lot. The building features a strong unit mix, including a spacious 3-bed/1-bath unit, a 2-bed/1-bath unit, and three 1-bed/1-bath units. Several of the units have received interior upgrades over the years. All units are clean, in mint condition, and have excellent tenants! The property boasts a 7.7% cap rate with a 10% cap and 16% cash-on-cash returns at pro-forma. Total pro-forma annual income is $102,000, with a current annual income of $84,600. There are off-street parking spaces for tenants, a wrap-around porch, a covered patio, ample off-street parking, and 2 garages. This is a great opportunity to acquire an asset that cash flows from day one and still has significant value to add plus upside in the rent roll. Financials are available upon request. Also listed #1363017
Listing Provided Courtesy of New England Apartment Group

Property Details

Price:
$700,000
MLS #:
1363017
Status:
Pending
Beds:
0
Baths:
0
Address:
543 Laurel Hill Avenue
Type:
Single Family
Subtype:
Multi Family
City:
Cranston
Listed Date:
Jul 3, 2024
State:
RI
ZIP:
02920
Lot Size:
10,019 sqft / 0.23 acres (approx)
Year Built:
1920
Ask a Question

See this Listing

Send
  

Mortgage Calculator

 

Schools

Interior

Appliances
Gas Water Heater
Bathrooms
5 Full Bathrooms
Cooling
None
Fireplaces Total
2
Flooring
Ceramic Tile, Hardwood, Vinyl
Heating
Natural Gas, Baseboard, Steam

Exterior

Community Features
Bus, Commuter Bus, Golf, Highway Access, Hospital, Interstate, Marina, Private School, Public School, Railroad, Recreational Facilities, Schools, Shopping, Pool, Tennis
Construction Materials
Vinyl Siding
Exterior Features
Patio, Porch
Parking Features
Detached
Parking Spots
10

Financial

Buyer Agent Compensation
1%%
Tax Year
2023
Taxes
$8,399

Map

Community

Similar Listings Nearby