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125 Broad Street / 8 Bells / 12-16 Bells CT Cumberland, RI 02864
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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
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Bought with Smith and Oak Real Estate Co.

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