20 Shady Lea Road

    North Kingstown, RI 02852
    • $579,000
    • STATUS: Active
    • ON SITE: 66 days
    • MLS #: 1230752
    UPDATED: 67 min ago
    $579,000
    • 4
      BEDS
    • 1.18
      ACRES
    • 5
      BATHS
    • 1
      1/2 BATHS
    • 4,301
      SQFT
    • $135
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1880
    County:

    School Ratings & Info

    Description

    Exceptional 4-Unit Multifamily residential building in a great NK location on Shady Lea Rd. All four units are oversize one bedroom units with upstairs units featuring extra rooms on third floor for home office or art/yogo studio space. Huge yard and outdoor garden. Great for potential owner occupant, investor, condo conversion... NOTE: Conventional financing only-property will not qualify for FHA/VA mortgage. Owner willing to Finance for well qualified buyer. Historic Rodman Mansion (ca. 1850), Apartments include: - Huge windows (double pane double hung energy efficient) - Wide plank hardwoods - New bamboo flooring throughout the third floor - Marble tiled bathrooms - Claw foot tubs - 9 foot ceilings - Custom moldings Three of the units are currently occupied and forth unit is vacant and ready for rental or owner occupancy. This property is a great investment opportunity for immediate cash flow for an investor or owner occupied. ($55,440 annual rental income). Additional income from coin-op laundry. Yearly income could easily be increased by $14,400 to align with current market rates. These beautiful units are a very rare find in North Kingstown. Some tenants are on month-to-month leases.

    Monthly Payment Calculator





    © 2019 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than The Martone Group are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or The Martone Group. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2019-10-21T20:37:40.707.
    www.martonegroup.com/homes/97982389

    20 Shady Lea Road North Kingstown, RI 02852

    • Price: $579,000
    • Status: Active
    • Updated: 67 min ago
    • MLS #: 1230752
    4
    Beds
    5
    Baths
    1
    ½ Baths
    1.18
    Acres
    4,301
    SQFT
    $135
    $/SQFT
    1880
    Built
    Neighborhood:
    Shady Lea
    County:
    Washington
    Area:
    North Kingstown
    Property Description
    Exceptional 4-Unit Multifamily residential building in a great NK location on Shady Lea Rd. All four units are oversize one bedroom units with upstairs units featuring extra rooms on third floor for home office or art/yogo studio space. Huge yard and outdoor garden. Great for potential owner occupant, investor, condo conversion... NOTE: Conventional financing only-property will not qualify for FHA/VA mortgage. Owner willing to Finance for well qualified buyer. Historic Rodman Mansion (ca. 1850), Apartments include: - Huge windows (double pane double hung energy efficient) - Wide plank hardwoods - New bamboo flooring throughout the third floor - Marble tiled bathrooms - Claw foot tubs - 9 foot ceilings - Custom moldings Three of the units are currently occupied and forth unit is vacant and ready for rental or owner occupancy. This property is a great investment opportunity for immediate cash flow for an investor or owner occupied. ($55,440 annual rental income). Additional income from coin-op laundry. Yearly income could easily be increased by $14,400 to align with current market rates. These beautiful units are a very rare find in North Kingstown. Some tenants are on month-to-month leases.
    Exterior Features

    Construction Materials DrywallPlasterClapboard Covered Spaces 0 Foundation Details CombinationBasement Frontage Length 150 Garage YN No Parking Features None Parking Total 10

    Interior Features

    Appliances DryerOvenRangeRefrigeratorWasher Basement Exterior EntryFullInterior EntryUnfinished Basement YN Yes Cooling None Fireplace YN Yes Fireplaces Total 1 Flooring HardwoodLaminateMarble Heating Forced AirHot WaterOil Interior Features Tub ShowerCable Tv

    Property Features

    Association Fee 0 Association Fee Frequency Annually Electric Circuit Breakers Inclusions Cable TvCeiling FanDryerOven/RangeRefrigeratorWasher Land Lease YN No Laundry Features Common Area Operating Expense 0 Property Sub Type Multi Family Senior Community YN No Sewer Septic Tank Tax Annual Amount 7088 Tax Lot 009 Tax Year 2018 Water Source Connected

    Listing information © 2019 State-Wide Multiple Listing Service.
    Listing provided courtesy of Keller Williams N. Kingstown.





    © 2019 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than The Martone Group are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or The Martone Group. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2019-10-21T20:37:40.707.
     
    The Martone Group
    696 Douglas Pike
    Smithfield RI, 02917