About This Home
This 0-bedroom, 0-bathroom commercial at 2801 E Main Road in Portsmouth, RI is listed for $1,095,000. Built in 1887, on a 0.30 acres lot.
Key Features
- Built in 1887
- 0.30 acre lot
- 3 stories
- 6 parking spaces
Property Details
Amenities
Well-maintained five-unit multifamily property, zoned commercial, consisting of two separate buildings. The main building at 2803 East Main Road has 3323 sq ft of living space containing four one-bedroom apartments, while the second 959 sq ft building at 2801 East Main Road is a separate two-bedroom residence.
The separate buildings provide flexibility for investors as well as owner-occupants. Each unit has its own individual heating and hot water system, with tenants responsible for most utilities. Current rents are below market, providing an opportunity to increase rental income through future rent adjustments.
Ample parking is also available. The existing five-unit configuration, separate buildings, individual systems, and established rental income provide a solid foundation for an investor looking to add to a multifamily portfolio or an owner-occupant seeking rental income from the additional units.
Monthly Cost Estimate
$5,856/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
2801 E Main Road
Portsmouth, RI 02871
Features & Amenities
Interior Features
Property Details
Construction
Heating
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 2801 E Main Road is listed at $1,095,000. The estimated monthly payment is $5,856 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1887, 0.30 acre lot, 3 stories, 6 parking spaces. Interior Features: Ceiling Height (7 to 9 Ft).
This property is listed by Kevan Campbell and can be reached at 4015569563.