361 Chapel Street Burrillville

$675,000
7,668 sq ft

The Property

Great investment opportunity in the heart of downtown Burrillville! This versatile property features 9 TOTAL UNITS with 6 of them being residential apartment units PLUS 3 commercial storefront spaces, offering multiple opportunities for rental income and future growth. All six residential apartments are currently fully rented and consist of two 3-bedroom units and four 2-bedroom units. Some units feature updates including refreshed kitchens, newer flooring, and fresh paint. The property also offers an onsite laundry room, providing an additional opportunity for income with future coin-operated washers and dryers.

The commercial storefront spaces are currently vacant and offer a blank canvas for future tenants, allowing them the flexibility to renovate and customize their space to suit their individual business needs. With plenty of onsite parking located at the rear of the building, convenience is an added benefit for both residential and commercial tenants. Tenants are responsible for their own gas and electricity, helping to minimize the owner’s operating expenses. Come take a look.

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Listing Details

MLS Number

1425187

Lot Size:

0.75 acres

Features

  • Basement: Full
  • Bus
  • Commuter Bus
  • Highway Access
  • Laundry
  • Downtown
  • Year Built: 1888

Market Trends for Commercial/Business,Commercial Sale
in Burrillville

  • Overview
    Homes for Sale Today8-20% decrease in inventory
    New on Market *2100% increase in new listings
    Avg. Asking Price/Sq.Ft. *$87.08$87 increase in List Price/Sq.Ft.
    Avg. Sale Price *$370,000$370,000 increase in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *86.07%100% increase in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$123.01$123 increase in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *119119 increase 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 Harborside Realty
Email: harborsiderealtyri@gmail.com
Phone: 401-253-0009

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