Cumberland, RI 02864,125 Broad Street / 8 Bells / 12-16 Bells CT
Cumberland, RI 02864,125 Broad Street / 8 Bells / 12-16 Bells CT
Cumberland, RI 02864,125 Broad Street / 8 Bells / 12-16 Bells CT
50
$1,602,500
$1,699,900
5.7%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

11,823 SqFt

125 Broad Street / 8 Bells / 12-16 Bells CT Cumberland, RI 02864

Est. payment /mo
SOLD DATE : 07/16/2024

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit
Eric Coury

Eric Coury

The Coury Team Homes - KW ELITE

+1(508) 838-6956

Our team is ready to help you sell your home for the highest possible price ASAP

Key Details

Sold Price $1,602,500

Property Type Commercial

Sub Type Commercial

Listing Status Sold

Purchase Type For Sale

Square Footage 11,823 sqft

Price per Sqft $135

Subdivision Valley Falls

MLS Listing ID 1341872

Year Built 1900

Annual Tax Amount $16,646

Tax Year 2022

Lot Size 0.350 Acres

Property Sub-Type Commercial

Property Description

11 UNITS (all 3 and 2 bedrooms) NEW ROOF! NEW SIDING! NEW MECHANICALS! SMOKE SYSTEMS UPDATED! OFF-STREET PARKING! This meticulously maintained property consists of four separate buildings, each echoing over a century of family pride and dedication. Being in the same family for over 100 years, every brick, every corner, and every unit radiates the meticulous care and attention to detail that has been infused over the generations. This is not just an asset it's a legacy. At a glance, the property showcases: An enviable pro-forma 7.8-9% cap rate. Potential to optimize rents, ensuring both current income and a promising future of growth. Units that stand as a paragon of meticulous maintenance and care. The location's inherent convenience and charm have invariably led to sustained demand, ensuring optimal occupancy rates year-round. This property not only offers immediate cash flow but serves as an emblem of a rich heritage and a brighter future. For investors, this is more than just a real estate offering it's a chance to partake in a century-old legacy while reaping consistent financial rewards. Seize the opportunity. Step forward, immerse yourself in a rich tapestry of history, and embark on a rewarding journey of a lifetime with this real estate gem. Your key to a prosperous future awaits.

Location

State RI

County Providence

Community Valley Falls

Interior

Heating Baseboard, Central

Cooling None

Laundry Common Area

Exterior

Community Features Highway Access, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping

Utilities Available Natural Gas Connected, Municipal Utilities, Water Connected, Sewer Connected

Building

Story 11

Foundation Concrete Perimeter

Sewer Connected, Public Sewer

Water Connected, Public

New Construction No

Read Less


Listed by Smith and Oak Real Estate Co.
Bought with Smith and Oak Real Estate Co.
Eric Coury

Eric Coury

Realtor - Team Manager

+1(508) 838-6956

GET MORE INFORMATION

Name
Phone*
Message