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157 - 161 Smith Street Cranston

$715,000
0 3,525 sq ft

The Property

6 UNIT, 8 CAP, $81,000 yearly gross income. An excellent opportunity to 1031-Exchange or collect rental income. This six unit located in the desirable Edgewood section of Cranston features 4 one-bedrooms with private entrances, and 2 studios. All units were updated within the past 4 years; new cabinets, granite counters, stainless steel appliances and updated bathrooms.

Hardwood floors and tile. An oversize yard and parking lot overlooking Johnson & Wales Harborside Campus. Convenient location near highways, restaurants, bars and more. Turn key, fully rented with current MONTHLY rental income of $6750, below market, room for rent increase. Currently owner pays all utilities(gas, electric, heat, water & sewer). There are six separate gas meters, hence the gas can be charged back to tenants. FIRE CODED.

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Listing Details

MLS Number

1275588

Lot Size:

0.22 acres

Features

  • Basement: Full
  • Heating: Baseboard
  • Laundry
  • Type: Apartment,Side/Side,Up/Down
  • Year Built: 1920

Market Trends for Commercial Properties
in Cranston

  • Overview
    Homes for Sale Today32-87.6% decrease in inventory
    New on Market *9125% increase in new listings
    Avg. Asking Price/Sq.Ft. *$50.92$127 decrease in List Price/Sq.Ft.
    Avg. Sale Price *$4,585,000$4,360,000 increase in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *83.24%-14.9% decrease in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$205.56$26 increase in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *304228 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 Steele Realty Consultants LLC

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