56 Summit Street
Property Description
Four units. Two buildings. One property. Plenty of room to create value. A versatile mix of one 3-bedroom residence and three 2-bedroom residences. The front building has identical 2br units with some recent updates. The second fl unit is occupied with a longer-term tenant paying a good rent. The first floor unit just vacated end of Sept offering an opportunity for Buyer occupying, new updates or an immediate re-let at market rent. The rear building is vacant and may need some rehab depending on buyer's intentions for the property. Vinyl windows, some newer on demand hot water units, duct work recently added for a future forced air AC system in the front house, connected water and sewer, individual 100-amp electrical service noted for each unit, basement storage, newer washer dryer, multiple deck areas, and an attached one-car garage add to the package. For an owner occupied investor strategy, earning some income on the front building while renovating the rear, or any other sort of investment plan, looking beyond turnkey inventory and toward the potential of strategic improvements, 56 Summit offers four doors and multiple paths forward.
Broker Details
Keller Williams Realty Leading Edge (401) 333-4900
MLS ID: 32841
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $399,900 |
| No. of Units: | 4 |
| Year Built: | 1900 |
| Lot Size: | 2,911.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $99,975 |
| Property Website | Click Here |
| Number of Bedrooms: | 9 |
| Number of Bathrooms: | 4 |
ID: 3yd-SWMLSRI-1424767
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Final Deal Analysis
Similar Properties in the Area
420 Rathbun Street
Woonsocket, Rhode Island
414 Rathbun Street
Woonsocket, Rhode IslandBrokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout