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471 Broad Street

Cumberland RI 02864

8
5
10
6029 sq. ft.
10454 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

Exceptional 4-family opportunity in Cumberland with a rare combination of owner-occupant appeal and strong investment upside. The centerpiece is a massive vacant first-floor owner's unit offering 3 bedrooms, 2 full baths, an updated kitchen with stainless steel appliances, expansive living space and an additional bonus room with its own separate entrance ideal for an office, storage or potential future rental use. The remaining units include a 2-bed/1-bath and 1-bed/1-bath on the second floor, plus another 2-bed/1-bath on the third floor. At projected market rents, the property has the potential to generate approximately $7,500-$8,000 per month in gross rental income. All utilities are separately metered, helping keep owner expenses low. Major improvements include siding approximately 2 years old, roof and windows approximately 13 years old and 3 brand-new hot water tanks. Additional features include hardwood floors, spacious rooms, abundant natural light, a large basement and oversized off-street parking. The size and versatility of this property are difficult to capture in photos this one truly needs to be seen in person.

Features

8 bedrooms
5 bathrooms
10 carspaces
6029 sq. ft. floor area
10454 sq. ft. lot size
Multi-Family

Happy sellers in Cumberland

90%
90% of sellers in Cumberland reported that their sale price either exceeded or met their price expectations.

Cumberland stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 4 reviews in Cumberland over the last 12 months.

Local market activity for 8 bedroom multi families in Cumberland

In the last 12 months, 8 eight-bedroom multi families similar to 471 Broad Street, have been sold.

This represents a 20% decrease in eight-bedroom multi families sales when compared to the previous 12 months.

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Sales:
(619) 566-0008
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