1403 Mendon Rd Mendon RdCumberland, RI 02864

Property Details for 1403 Mendon Rd Mendon Rd

Year built

1930

Property type

Residential income properties

Property subtype

Other retail properties

Description

This exceptional mixed-use property, located at 1403-1407 Mendon Road in Cumberland, Rhode Island, presents a lucrative investment opportunity. Built in 1930, this three-story building sits on a substantial 15,246 square foot lot and comprises six units: four residential apartments and two commercial spaces. Each of the four apartments offers three bedrooms, a kitchen, living room, dining area, and a full bathroom. The two commercial units are equipped with air conditioning and restrooms. All six units are currently occupied under month-to-month leases, providing immediate cash flow. Each unit has its own utilities and there are six individual furnaces. Ample parking is available, with two assigned spaces for each apartment and sixteen spaces designated for the commercial units. The commercial units benefit from a 200-amp electrical service, while the apartments have 100-amp service. The property is fire-coded and the annual fire tax is $774.00. This property offers a blend of residential and commercial income streams, making it an attractive investment in a desirable Rhode Island location. The asking price is $1,498,000. This is a rare opportunity to acquire a well-maintained, income-producing property with significant potential for future growth.

Location Insight

City

Cumberland

County

Providence

State

Rhode Island

Latitude

41.9365

Longitude

-71.429

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