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Key Details
Sold Price $450,000
Property Type Multi-Family
Sub Type 4 Family - 4 Units Up/Down
Listing Status Sold
Purchase Type For Sale
Square Footage 3,157 sqft
Price per Sqft $142
MLS Listing ID 73190110
Sold Date 04/26/24
Bedrooms 8
Full Baths 4
Year Built 1900
Annual Tax Amount $3,798
Tax Year 2023
Lot Size 4,356 Sqft
Acres 0.1
Property Description
A lucrative 4-unit property ideal for investors or owner occupants. Unit 1 offers a cozy studio, while Unit 2 boasts 1 bed and 1 bath. Unit 3 and 4 are spacious 3 bed, 1 bath units, perfect for families. Convenience is key with a 1-car garage and 6 off-street parking spaces. Enjoy hassle-free utility management with individual electric and gas meters, plus the benefits of sewer and city water. But that's not all—landlords will appreciate the additional income stream from the convenient coin-operated laundry, while tenants will love the ease and accessibility it brings to their daily lives. With low taxes, this property is a sound investment. All tenants are on month-to-month leases, managed by professionals for added peace of mind. Owner occupants can seize the opportunity to benefit from the new 5% down mortgage program. Whether you're looking to expand your portfolio or make this your new home, 36 Fairmount St awaits – a wise investment in Rhode Island real estate.
Location
State RI
County Providence
Zoning MU1
Direction GPS
Rooms
Basement Full, Interior Entry
Interior
Heating Natural Gas
Cooling None
Flooring Vinyl, Carpet, Hardwood
Appliance Range, Refrigerator
Exterior
Garage Spaces 1.0
Community Features Public Transportation, Park, Medical Facility, Highway Access, Private School, Public School
Waterfront false
Roof Type Shingle
Total Parking Spaces 6
Garage Yes
Building
Story 7
Foundation Stone
Sewer Public Sewer
Water Public
Others
Senior Community false
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Jim Armstrong
Team Leader/Broker Associate | License ID: 9074205
Team Leader/Broker Associate License ID: 9074205