For Sale
$829,900

99 Main St Main StLincoln, RI 02802

Albion Village: 5-unit rental, high ROI potential

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a well-maintained five-unit multifamily property nestled in the charming village of Albion, Rhode Island. Located at 99-103 Main Street, Lincoln, RI 02802, this property boasts a substantial lot size of 10,454 square feet. The building, constructed in 1915, comprises a single structure housing five rental units. Currently, four of the units are two-bedroom, one-bathroom apartments. Two units are undergoing renovations, and upon completion, rents are projected to reach $1500 per month. This presents a significant opportunity to increase the property's overall income potential. The property's address is 99-103 Main Street, situated in Providence County. This property is listed at $829,900 and offers a compelling return on investment. Note that this property can be purchased as a package with a separate property (MLS number 1351800, located at 96 Main St). This presents a unique opportunity for investors seeking to expand their portfolio in a desirable Rhode Island location. The property's prime location and strong rental demand make it an attractive investment for both seasoned and new investors. Detailed financial projections are available upon request.

Highlights

  • $829,900 asking price.
  • Five-unit multifamily property.
  • Located at 99-103 Main Street, Lincoln, RI 02802.
  • 10,454 square foot lot.
  • Built in 1915.
  • Four 2-bedroom, 1-bathroom units; two units under renovation.

Property Details for 99 Main St Main St

Property type
Land, Apartment buildings
Year Built
1915
Buildings
1
Units
5

Location Insight

City
Lincoln
County
Providence
State
Rhode Island
Latitude
41.952577
Longitude
-71.4573939
99 Main St Main St, Lincoln, Rhode Island

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99 Main St Main St
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