68 WINTER Street, Lincoln, RI 02838

$980,000

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List Price
$980,000
MLS#
1415790
Status
PENDING
Type
Commercial
City
Lincoln
County
Providence
Year Built
1873

Property Description

6-unit multifamily in the Manville section of Lincoln, offered cross-listed as Multi-Family MLS#1415803. Whether you are expanding an existing portfolio or stepping into your first 6-plus unit investment, this Manville multifamily delivers a proven income stream with low overhead. Unit mix of (4) three-bedroom and (2) two-bedroom apartments. Large units with a strong rental history, all utilities paid by the tenant. Lead certificates in place. The building features 6 new individual heating systems and a roof approximately 3 years old, keeping deferred maintenance to a minimum. Ample off-street parking including 6 detached garages and 3 storage units providing additional revenue opportunity. Located in the Lincoln school district. With a 2025 expense ratio of just 26 percent on gross income of 92K, the property operates lean. P and L available upon request.

Additional Information

Cooling
None
Sewer
Connected, Public Sewer
Taxes
$7,624
Community Features
Highway Access, Public Transportation, Shopping, Street Lights, Sidewalks

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Listing courtesy of HERE Realty. Contact:

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