990 Douglas Tpke, Burrillville, RI

House

For Sale

Listed price in listed location currency (USD).

$800,000

1064

MLS® 1425162

Overview

Key Facts

Type Multi Family

Levels Residential Income

Size 3731 sqft

Garage

Taxes $7,729

Days Active 12

Lot Size 0.2 Acres

Approx. Age 1940

Avg. Price Per Sqft $214

MLS® Number 1425162

Property Address: 990 Douglas Tpke, Burrillville, RI, 02830-1611

Average square foot calculated using Size range provided by listing agent.

Description

Stabilized four-unit investment opportunity consisting of two side-by-side duplexes, offered together as a single sale. The properties are located on two separate tax parcels and provide four income-producing residential units with walk-out lower levels. Current gross rental income is $6, 640 per month, or approximately $79, 680 annually, providing an established income stream for an investor seeking a stabilized multifamily asset. Tenants pay their own separately metered utilities, with the exception of sewer, helping to minimize landlord operating expenses and simplify ownership. Pro-forma estimated Net Operating Income is approximately $60, 000 annually. The side-by-side configuration offers the efficiencies of owning four units in one transaction while maintaining separate buildings and tax parcels. Conveniently located on Douglas Pike in Burrillville with access to local amenities and surrounding communities.

MLS® Number1425162

Laundry LevelEnsuite

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1940

BasementExterior Entry, Full, Interior Entry, Unfinished

DrivewayNo Garage

Garage Spaces

HeatBaseboard, Oil

A/CWindow Units

Extras

Map

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