543 Laurel Hill Avenue
Cranston, RI 02920
- 8 beds
- 5 baths
- 8,374 sqft
- 10,019 sqft lot
- $89 per sqft
- 1920 build
More homes
Gorgeous investment property in mint condition located in a desirable single-family neighborhood in Cranston on a corner lot. Several of the units have received interior upgrades over the years. All units are clean, in mint condition, and have excellent tenants! The property boasts a 7.7% cap rate with a 10% cap and 16% cash-on-cash returns at pro-forma. Total pro-forma annual income is $102,000, with a current annual income of $84,600. There are off-street parking spaces for tenants, a wrap-around porch, a covered patio, ample off-street parking, and 2 garages. This is a great opportunity to acquire an asset that cash flows from day one and still has significant value to add plus upside in the rent roll. Financials are available upon request. Also listed #1363017
Last checked:
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Last updated Feb 4, 2025
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MLS# 1362913 —
The Building
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Year Built:1920
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New Construction:false
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Building Area Total:8374.0
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Construction Materials:VinylSiding
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Structure Type:Apartment
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Stories Total:3
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Basement:ExteriorEntry,Full,Finished,InteriorEntry
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Basement:true
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Patio And Porch Features:Patio,Porch
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Exterior Features:Porch,Patio
Interior
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Flooring:CeramicTile,Hardwood,Vinyl
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Fireplace:true
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Fireplaces Total:2
Room Dimensions
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Living Area Source:PublicRecords
Location
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Latitude:41.79937
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Longitude:-71.452497
The Property
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Property Type:ResidentialIncome
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Property Subtype:MultiFamily
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Lot Features:CornerLot
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Lot Size Acres:0.23
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Lot Size Area:10019.0
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Lot Size Square Feet:10019.0
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Lot Size Units:SquareFeet
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Parcel Number:543LAURELHILLAVCRAN
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Land Lease:false
Listing Agent
- Contact info:
- Agent phone:
- (508) 330-0325
- Office phone:
- (508) 330-0325
Taxes
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Tax Year:2023
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Tax Annual Amount:8399.0
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Tax Assessed Value:600300
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Tax Lot:945
Beds
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Bedrooms Total:8
Baths
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Total Baths:5
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Full Baths:5
The Listing
Heating & Cooling
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Heating:Baseboard,Gas,Steam
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Heating:true
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Cooling:None
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Cooling:false
Utilities
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Utilities:SewerConnected
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Electric:Amps200OrMore
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Sewer:Connected,PublicSewer
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Water Source:Connected,Public
Appliances
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Appliances:GasWaterHeater
The Community
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Senior Community:false
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Community Features:Golf,HighwayAccess,Marina,NearHospital,NearSchools,Other,PublicTransportation,RecreationArea,Restaurant,Shopping,SeeRemarks,TennisCourts
Parking
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Parking Total:10.0
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Parking Features:Detached,Garage
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Attached Garage:false
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Garage:true
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Garage Spaces:3.0
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Covered Spaces:3.0
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
1/31/25
Jan 31, 2025
|
Sold | RIMLS | $750,000 | 7.1% |
|
11/13/24
Nov 13, 2024
|
Pending | RIMLS | $700,000 |
