333 State AveTiverton, RI 02878

Property Details for 333 State Ave

Year built

1900

Property type

Other commercial real estate

Property subtype

Other land

Description

This exceptional commercial land opportunity in Tiverton, Rhode Island, presents a rare chance to acquire a well-established, multi-family property generating substantial income. Located at 333 State Avenue, 02878, this 11,413 square foot lot encompasses four buildings: one single-family residence and three multi-family buildings (a two-family and a four-family). All units are two-bedroom apartments, offering a total of seven rental units. The property boasts seven garages, each currently generating rental income. The current gross monthly income is $9,275, with long-term tenants in place, ensuring consistent cash flow. All utilities are separately metered for efficient management. The property benefits from city sewer and water connections. One unit is currently vacant and readily available for immediate rental. Built in 1900, this property has been meticulously maintained and updated over the past 50 years by the same owner, reflecting a commitment to quality and longevity. This turnkey investment offers a compelling opportunity for immediate income and long-term growth potential in a desirable Rhode Island location. The asking price is $1,300,000.

Location Insight

City

Tiverton

County

Newport

State

Rhode Island

Latitude

41.6725

Longitude

-71.1821

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