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$1,602,500
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Property Description
11 UNITS (all 3 and 2 bedrooms) NEW ROOF! NEW SIDING! NEW MECHANICALS! SMOKE SYSTEMS UPDATED! OFF-STREET PARKING! This meticulously maintained property consists of four separate buildings, each echoing over a century of family pride and dedication. Being in the same family for over 100 years, every brick, every corner, and every unit radiates the meticulous care and attention to detail that has been infused over the generations. This is not just an asset it's a legacy. At a glance, the property showcases: An enviable pro-forma 7.8-9% cap rate. Potential to optimize rents, ensuring both current income and a promising future of growth. Units that stand as a paragon of meticulous maintenance and care. The location's inherent convenience and charm have invariably led to sustained demand, ensuring optimal occupancy rates year-round. This property not only offers immediate cash flow but serves as an emblem of a rich heritage and a brighter future. For investors, this is more than just a real estate offering it's a chance to partake in a century-old legacy while reaping consistent financial rewards. Seize the opportunity. Step forward, immerse yourself in a rich tapestry of history, and embark on a rewarding journey of a lifetime with this real estate gem. Your key to a prosperous future awaits.
Full Property Details
Full Property Details for 125 Broad Street / 8 Bells / 12-16 Bells Ct
General
- Sold For: $1,602,500
- Taxes: $16,646 (2022)
- Status: Closed
- Type: Commercial Multi-Family
- Source: STWMLS
- MLS ID: 1341872
- Added to Site: 937 day(s) ago
Rental Information
- Lease Info: Gross
Rooms
Other Rooms
- Laundry: Common Area
Additional Information
- Security/Safety: Fire Alarm, Smoke Detector(s)
Parking
- Garage: Yes
- Total Spaces: 24
Location
- County: Providence
- Subdivision: Valley Falls
- Near Highway: Yes
Community
- Units Assoc/Comm: 11
Heating & Cooling
- Cooling Type: None
- Heating Type: Baseboard, Central
Utilities
- Sewer: Connected, Public Sewer
- Water: Connected, Public
- Utility Description: Natural Gas Connected, Municipal Utilities, Water Connected, Sewer Connected
Structural Information
- # Buildings: 4
- Property Detached: Yes
- Structure Type: Multi Family
- Detached/Attached: Detached
- Basement: Yes
- Basement Desc.: Full
- Stories/Levels: 11
- Building Size: 11823
- Finished Total: 11,823 Sq. Ft.
- Finished Above Grnd: 11,823 Sq. Ft.
- Year Built: 1900
Lot Features
- Lot Size (Sq. Ft.): 15,246
- Lot Size: 15246
- Potential Use: Multi-Family, Residential
Financial Considerations
- Tax Amount: $16,646
- Tax Year: 2022
- Owner Pays: Sewer, Water
- Tenant Pays: Other
Disclosures and Reports
- Inclusions: All owner appliances to remain and convey with the sale of the properties.
- Property ID: 125BROADSTREET/8BELLS/12-16BELLSCTCUMB
- Lot Number: 207
Listed and Sold by Smith and Oak Real Estate Co.
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Schools
Schools serving 125 Broad Street / 8 Bells / 12-16 Bells Ct
School District:Cumberland School District
| Name | Grades | Distance |
|---|---|---|
B.F. Norton Elementary School 364 Broad Street, Cumberland, RI 02864 | K-5 | 0.5 mi |
Joseph L. Mccourt Middle School 45 Highland Avenue, Cumberland, RI 02864 | 6-8 | 1.1 mi |
Cumberland High School 2600 Mendon Road, Cumberland, RI 02864 | 9-12 | 5.1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 125 Broad Street / 8 Bells / 12-16 Bells Ct
Date
Details
Price
Change
Source
7/16/2024
Sold
$1,602,500
-5.73%
MLS
10/16/2023
Price Reduced
$1,699,900
-0.01%
MLS
8/16/2023
Listed
$1,700,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
125 Broad Street / 8 Bells / 12-16 Bells Court, Cumberland, RI 02864 (MLS# 1341872) is a Commercial Multi-Family property that was sold at $1,602,500 on July 16, 2024. Want to learn more about 125 Broad Street / 8 Bells / 12-16 Bells Court? Do you have questions about finding other Commercial Multi-Family real estate for sale in Cumberland? You can browse all Cumberland real estate or contact a Coldwell Banker agent to request more information.

