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1561 Cranston Street Cranston

$405,000
6 4 4,326 sq ft

The Property

Rare opportunity to own two income-producing buildings on one 10,000 square foot corner lot in the desirable Knightsville section of Cranston! A well-maintained 3-family home and a detached commercial storefront currently outfitted as a salon. The 3-family building offers spacious and sunny units, each with 2 bedrooms, and 1 full bath, fully equipped eat-in-kitchens, pine floors, plenty of storage, and replacement vinyl windows. The 1st floor owner’s unit features an updated kitchen, central A/C, central vac, in-unit laundry, and a sweet front porch. The 2nd floor unit also has laundry in the unit and its own private porch.

Both buildings feature completely separate utilities paid by the tenants. Current rents are way below market value. Gas heat and hot water. Add 6+ off street parking spaces, a sizable front yard, side yard, and patio, and you have a truly terrific property ideal for owner-occupied or an investor!

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Listing Details

MLS Number

1269283

Lot Size:

0.23 acres

Features

  • Basement: Full
  • Insulated Glass Windows
  • Porch
  • Storm Door
  • Vinyl Siding
  • Heating: Baseboard, Forced Water
  • Heating Fuel: Gas
  • Laundry
  • Corner
  • Paved Driveway
  • Sidewalks
  • Type: Up/Down
  • Year Built: 1910

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Market Trends for Multi Family Homes
in Cranston

Listed by Residential Properties, Ltd.

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