144 Railroad St Railroad StLincoln, RI 02838

This exceptional investment opportunity presents a fully occupied, seven-unit multifamily property situated on a 6,098 square foot lot in Lincoln, Rhode Island. Built in 1900, the property boasts one main building and offers a substantial monthly income of $9,500. Six of the seven units have undergone complete renovations, bringing them up to current fire codes and featuring updated electrical systems, boilers, and hot water heaters. Five units provide three spacious bedrooms, dine-in kitchens, and open living room areas, while one unit offers two bedrooms with a similar layout. The final unit is a generously sized studio. Six of the units share access to a convenient front balcony. Ample off-street parking is available for up to ten cars, with one designated spot per unit, supplemented by plentiful street parking. The property's strong rental history and updated amenities make it an attractive investment, offering significant cash flow potential for discerning buyers. This is a rare opportunity to acquire a well-maintained, income-generating property in a desirable location. The property is located at 144-145 Railroad Street, Lincoln, RI 02838.