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31 - 45 South Main Street Burrillville

$649,999
6 4 6,472 sq ft

The Property

4 Residential units, with potential for a 5th in the front building, 3 garages, parking lot, on a waterfront lot on Union Pond. Natural gas available at the street. Property is stabilized, fully rented at a 7%+ CAP rate with moderate rents. The community has waiting lists for residential rentals.

The stand alone studio apartment was previously a barber shop/hair salon and can be converted back. Sale will include the metal sign holder for the front of the stand along building in front. Current income does not include 1 garage space that is owner occupied. With reasonable rent increases, property could easily be an 8% or 9% CAP rate at asking price. Sale includes TWO lots. The parking lot, #31 South Main St, is a separate deeded lot. This would make an excellent investment/1031 exchange.

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Listing Details

MLS Number

1335180

Lot Size:

0.69 acres

Features

  • Basement: Partial
  • Shingles
  • Heating: Baseboard
  • Heating Fuel: Oil
  • Garage: Detached
  • Type: Apartment
  • Year Built: 1850

Listed by SkyView Realty

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