2801 E Main Rd, Portsmouth, RI

House

For Sale

Listed price in listed location currency (USD).

$1,095,000

446

MLS® 1423564

Overview

Key Facts

Type Multi Family

Levels Residential Income

Size 6253 sqft

Garage

Taxes $7,164

Days Active 1

Lot Size 0.3 Acres

Approx. Age 1887

Avg. Price Per Sqft $175

MLS® Number 1423564

Property Address: 2801 E Main Rd, Portsmouth, RI, 02871-2605

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

Description

Well-maintained five-unit multifamily property, zoned commercial, consisting of two separate buildings. The main building at 2803 East Main Road has 3323 sq ft of living space containing four one-bedroom apartments, while the second 959 sq ft building at 2801 East Main Road is a separate two-bedroom residence. The separate buildings provide flexibility for investors as well as owner-occupants. Each unit has its own individual heating and hot water system, with tenants responsible for most utilities. Current rents are below market, providing an opportunity to increase rental income through future rent adjustments. Ample parking is also available. The existing five-unit configuration, separate buildings, individual systems, and established rental income provide a solid foundation for an investor looking to add to a multifamily portfolio or an owner-occupant seeking rental income from the additional units.

MLS® Number1423564

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1887

BasementFull, Unfinished

DrivewayNo Garage

Garage Spaces

HeatBaseboard, Electric, Forced Air, Gas

A/CWindow Units

Extras

Map

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