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543 Laurel Hill Avenue, Cranston, RI 02920

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For Sale
Sale Pending

$700,000

0.23 acres

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Other Residential
    Property type

  • 0.2 acres
    Lot size

  • Over 50 Years Old
    Age

Explore this Property

Gorgeous investment property in mint condition located in a desirable single-family neighborhood in Cranston on a corner lot. Several of the units have received interior upgrades over the years. All units are clean, in mint condition, and have excellent tenants! The property boasts a 7.7% cap rate with a 10% cap and 16% cash-on-cash returns at pro-forma. Total pro-forma annual income is $102,000, with a current annual income of $84,600. There are off-street parking spaces for tenants, a wrap-around porch, a covered patio, ample off-street parking, and 2 garages. This is a great opportunity to acquire an asset that cash flows from day one and still has significant value to add plus upside in the rent roll. Financials are available upon request. Also listed #1362913
MLS# 1363017

Courtesy Of New England Apartment Group

(508) 330-0325

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Dock
  • Architecture Style
    Other
  • Heating System
    Baseboard
  • Lot Size
    0.23 Acres

Map and Directions

Directions to 543 Laurel Hill Avenue, Cranston, RI 02920

Home seller CENTURY 21 The Seyboth Team

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 The Seyboth Team

(401) 477-0124
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Monthly Payment Breakdown

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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