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Investment Highlights

  • Amazing income producing portfolio available for investor

Executive Summary

Fantastic Opportunity to own a Mixed Use 6-Unit and a .55 Acre Vacant Lot located between Chapel Four Corners and I295 on Diamond Hill Road. The Mixed Use 6-Unit (2220 DH Rd) currently has 2 Commercial Units, one on the 1st Level and one on Lower Level. There are 4 Residential Apartments, 2 on the 1st Level and 2 on the 2nd Level. A Two Stall Garage is attached to the building and one side is rented out by a 3rd party non resident. Separate Electric for 5 units plus a House Meter. Heat is paid by owner with One Gas IBC High Efficiency Direct Vent Boiler with 6 Zones. Hot Water is paid by the owner along with the Water and Sewer. Washer and Dryer is provided in Basement. Building is Fire Alarmed. The Building is currently Fully Occupied except for one residential unit. Parking available for 14 Plus Vehicles. Adjacent to the 6 Unit is a .55 acre Vacant Lot (2222 DH Rd) with Water, Sewer and Gas available. Both parcels carry the same C-1 Mixed Use Zoning. Both properties are being offered together as a package. Additionally, there is a 4 Unit (2200 DH Rd) that can be sold as a stand-alone or be negotiated into the 6 Unit (2220 DH Rd) and the vacant lot (2222 DH Rd) as an option. Have survey for 6-Unit and Vacant Lot. Many possibilities…!

Property Facts

Price $1,099,000
Price / SF $179.93 / SF
Cap Rate 4.59%
Sale Type Investment or Owner User
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 6,108 SF
Total Land Area 1.06 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
2222 Diamond Hill Rd, Cumberland, RI 02864 Land 0.55 AC - -
2220 Diamond Hill Rd, Cumberland, RI 02864 Retail 6,108 SF 1950 -
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  • Listing ID: 37461055

  • Date on Market: 8/28/2025

  • Last Updated:

  • Address: Diamond Hill Portfolio, Cumberland, RI

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