20 Shady Lea Road, North Kingstown, RI
Presented By:

Robert Sweeney
Keller Williams Realty
401-741-6931
$ Click for current price
4 BEDROOMS | 6 Baths (5 full, 1 half ) BATHROOMS | 4301 SqFt
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…let the three other rental units pay the mortgage! 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. 24-48 hour notice req.
