990 - 1000 Douglas Pike Burrillville

$800,000
10 5.5 3,731 sq ft

The Property

Stabilized four-unit investment opportunity consisting of two side-by-side duplexes, offered together as a single sale. The properties are located on two separate tax parcels and provide four income-producing residential units with walk-out lower levels. Current gross rental income is $6,640 per month, or approximately $79,680 annually, providing an established income stream for an investor seeking a stabilized multifamily asset.

Tenants pay their own separately metered utilities, with the exception of sewer, helping to minimize landlord operating expenses and simplify ownership.

Pro-forma estimated Net Operating Income is approximately $60,000 annually.

The side-by-side configuration offers the efficiencies of owning four units in one transaction while maintaining separate buildings and tax parcels. Conveniently located on Douglas Pike in Burrillville with access to local amenities and surrounding communities.

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Listing Details

MLS Number

1425162

Lot Size:

0.20 acres

Features

  • Basement: Full, Interior and Exterior, Unfinished, Laundry, Utility
  • Heating: Oil, Baseboard
  • Heating Fuel: Oil, Baseboard
  • Laundry
  • Year Built: 1940

Market Trends for Single Family Homes
in Burrillville

  • Overview
    Homes for Sale Today42-93.5% decrease in inventory
    New on Market *18-25% decrease in new listings
    Avg. Asking Price/Sq.Ft. *$307.68$6 increase in List Price/Sq.Ft.
    Avg. Sale Price *$499,626$27,183 increase in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *98.98%-5.6% decrease in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$311.47$10 increase in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *10122 decrease in days on market

    * All data is calculated based on the last 30 days

  • Avg. Sale Price
  • Avg. Days on the Market
  • New Market Inventory
  • Lila's Estimate

    Realtors Property Resource

    This is an estimate home valuation provide by RPR. It is based on RPR’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    ...

    Zillow

    This is an estimate home valuation provide by Zillow. It is based on Zillow’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    Real value?

    Contact Us

    Online estimates take you only so far. One of our associates can give you a market analysis of what your homes value.

Listed by Sweeney Real Estate &Appraisal
Email: tsweeney@sreari.com
Phone: 401-331-9300

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