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189 Smith Street Cranston

$599,000
4 2.2 4,110 sq ft

The Property

Welcome to 189 Smith Street, Cranston – a prime investment opportunity! This well-maintained property boasts a total of 4 units, strategically divided into 2 commercial spaces and 2 residential units, providing a diverse income stream. Additionally, a 2-car garage is included, further enhancing your potential for additional rental income.

All units, with the exception of one commercial, are currently rented, offering immediate returns on your investment. The residential units feature elegant hardwood flooring, adding a touch of sophistication and easy maintenance.

This property presents a unique opportunity for savvy investors to increase rental rates and bring the income closer to market value.

The prime location of 189 Smith Street ensures a high demand for both commercial and residential spaces, making it an ideal investment for those seeking a reliable and lucrative real estate opportunity. Don’t miss your chance to own a well-diversified income property in the heart of Cranston. Schedule a viewing today and explore the potential that this meticulously maintained building has to offer.

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Listing Details

MLS Number

1358122

Lot Size:

0.08 acres

Features

  • Basement: Full
  • Brick
  • Vinyl Siding
  • Heating: Forced Air
  • Heating Fuel: Gas
  • Laundry
  • Paved Driveway
  • Type: Other
  • Year Built: 1930
  • Water Amenities: Walk to Salt Water

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Market Trends for Multi Family Homes
in Cranston

  • Overview
    Homes for Sale Today8-98.1% decrease in inventory
    New on Market *9-10% decrease in new listings
    Avg. Asking Price/Sq.Ft. *$211.57$4 increase in List Price/Sq.Ft.
    Avg. Sale Price *$515,500$32,929 increase in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *102.56%-5.3% decrease in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$168.56$3 increase in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *11931 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 Century 21 The Seyboth Team

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