MLS® ID: 1230752

20 Shady Lea Road

North Kingstown, Rhode Island, 02852

$579,000 Active
  • 4 Beds
  • 6 Baths
  • 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, investor, condo conversion... NOTE: Conventional financing only-property will not qualify for FHA/VA mortgage. Owner willing to Finance for well qualified buyer. 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.
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Listing courtesy of Keller Williams N. Kingstown

Amenities

  • Full baths
    6
  • Full Baths Range
    4+ Baths
  • Total Baths
    6
  • Zip
    02852
  • Office name
    Keller Williams N. Kingstown
  • SQFT
    4301
  • Bedrooms
    4
  • Property type
    ResidentialIncome
  • Year built
    1880
  • Sewer
    SepticTank
  • Heating
    ForcedAir,HotWater,Oil
  • Tax year
    2018
  • Agent name
    Robert Sweeney
  • Tax amount
    $ 7088.0
  • Purchase Type
    Active
  • HOA fees
    $ 0.0
  • Price Range
    $500k-$600k
  • Square Feet Range
    4000-5000 sq ft.
  • Bedrooms Range
    4 Beds
  • Year Built Range
    1989 (and earlier)

Location

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