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