100 Ridge Road Smithfield

$400,000
6 4.2 6,284 sq ft

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The Property

Price drop from $499,900 To $ 460,000 Investors take advantage of this opportunity before some else does.

This rare and desirable 4 unit town house style multifamily is a great owner occupant or investment property. Unique opportunity to own a great investment property located in Smithfield. Existing property is being used as a legal 4 unit apartment.

Each unit has it’s own separate entrance /bedrooms/bathrooms. Separate utilities, heating, electric. Laundry hook ups in units. Move in and collect rents from 1st, 3rd, and 4th unit. Unit 1: One bed one full bath. Unit 2: 2 bed 1.5 bath. Unit 3: 2 bed 1.5 bath. Unit 4: One bed one full bath. There is plenty of parking to accommodate all.

Possible Rental Income:

Avg 1 Bed Rent Avg 2 Bed Rent

$1,392 $1,703

Additional possible rental sources Rhode Island College, Providence College, Bryant University,Twin River Casino and Hotel,

Air B and B. Near 295 for easy highway access.

Walk across the street to Olivia’s Forest 31 acres donated to the city of Smithfield Land Trust by the Gallo Family and Annese Construction. Trails Green Dot Trail .27 miles, Orange Dot Trail .27 White Dot trail .14 miles

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Listing Details

MLS Number

1218713

Lot Size:

1.10 acres

Features

  • Basement: Full
  • Deck
  • Storm Door
  • Storm Window
  • Wood
  • Heating: Baseboard, Forced Water
  • Heating Fuel: Oil
  • Laundry
  • Paved Driveway
  • Wooded
  • Type: Side/Side
  • Year Built: 1986

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Listed by Keller Williams Realty

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