125 Broad Street / 8 Bells / 12-16 Bells Court Cumberland, RI $ 1,699,900
125 Broad Street / 8 Bells / 12-16 Bells Court
$ 1,699,900
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125 Broad Street / 8 Bells / 12-16 Bells Court

Cumberland, RI, 02864
$ 1,699,900
Baths0.0 Sq 11,823

Monthly Estimate*

$ 11,298

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Studio

Commercial Property for sale in Cumberland, RI

for $1,699,900. This 11,823 square foot building was built in 1900 on a lot size of 0.35.

11 UNITS (all 3 and 2 bedrooms) NEW ROOF! NEW SIDING! NEW MECHANICALS! SMOKE SYSTEMS UPDATED! OFF-STREET PARKING! This meticulously maintained property consists of four separate buildings, each echoing over a century of family pride and dedication. Being in the same family for over 100 years, every brick, every corner, and every unit radiates the meticulous care and attention to detail that has been infused over the generations. This is not just an asset it's a legacy. At a glance, the property showcases: An enviable pro-forma 7.8-9% cap rate. Potential to optimize rents, ensuring both current income and a promising future of growth. Units that stand as a paragon of meticulous maintenance and care. The location's inherent convenience and charm have invariably led to sustained demand, ensuring optimal occupancy rates year-round. This property not only offers immediate cash flow but serves as an emblem of a rich heritage and a brighter future. For investors, this is more than just a real estate offering it's a chance to partake in a century-old legacy while reaping consistent financial rewards. Seize the opportunity. Step forward, immerse yourself in a rich tapestry of history, and embark on a rewarding journey of a lifetime with this real estate gem. Your key to a prosperous future awaits.

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Commercial Pending

Price

$ 1,699,900

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 16,646

Style

Commercial

Lot Size

0.35

Year Built

1900

Town/City

Cumberland

County/Region

Providence

MLS | Web ID

1341872

Features
General
Sewer Connected PublicSewer
Heating Baseboard Central
Cooling None
Utilities NaturalGasConnected MunicipalUtilities WaterConnected SewerConnected
HOA 0.0
Security Features FireAlarm SmokeDetectors
Year Built 1900
Electric CircuitBreakers
Tenant Pays Other
Stories 11
Property SubType Commercial
Tax Year 2022
Community Features HighwayAccess NearSchools PublicTransportation RecreationArea Restaurant Shopping
County Providence
New Construction N
Property Type CommercialSale
HOA / Comm Assn N
Attached Garage N
Subdivision Name Valley Falls
Possible Use MultiFamily Residential
Garage Y/N Y
Status Pending
City Cumberland
View Y/N N
Senior Community Y/N N
NumberOfUnitsTotal 11
Lot Size Units SquareFeet
Lot Size Square Feet 15246.0
Waterfront Y/N N
Carport Y/N N
Number of Units Leased 11
Street Name Broad Street / 8 Bells / 12-16 Bells
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 16646.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 72
Structure Type MultiFamily
Lease Type Gross
Standard Status Pending
Occupancy Type Tenant
Tax Assessed Value 1110500
Tax Lot 0207
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Interior
Basement Full
Total Stories 11
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 11823.0
Street Suffix Court
Laundry Features CommonArea
Electric On Property Y/N N
Total Baths 0
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Exterior
Water Source Connected Public
Total Parking 24.0
Inclusions All owner appliances to remain and convey with the sale of the properties.
Lot Size Area 15246.0
Foundation Details ConcretePerimeter
Number of Buildings 4
Spa N
Building Area Total 11823.0
Road Surface Type Concrete Paved
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 125
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* Excluded Features
List By
Smith And Oak Real Estate Co.

Broker

Admin@TheWPGroup.org

Email

Affordability Calculator

$12,685
Per Month
89%
11%
0%
Monthly Principal & Interest
$11,298
Monthly Property Taxes
$1,387
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
248553 Elementary School
248554 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/16/2023$1,699,900 -0.01% Price Down
8/16/2023$1,700,000 Listed Price

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125 Broad Street / 8 Bells / 12-16 Bells Court, Cumberland, RI, 02864 is a Commercial Property for sale at $1,699,900 with 11,823 sqft and a lot size of 0.35. 125 Broad Street / 8 Bells / 12-16 Bells Court is a studio with 0.0 baths and was built in 1900. The property's zip code is 02864 which is in Cumberland, RI