31 South Main Street

Burrillville, Rhode Island, 02859 United States

Non commercial(residential) financing available! 5 Residential units, 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.

Listing Courtesy of Skyview Realty

The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.