251 High Street, Cumberland, RI 02864

Property Description

Meticulously maintained and fully renovated 4-family, ideal for an owner-occupant or investor. Owned and extensively improved by an experienced home builder, this is as clean, turn-key and low-maintenance as multifamily gets. Each unit has been renovated from top to bottom with granite countertops, shaker cabinetry, updated bathrooms, and gleaming hardwood or modern flooring. The immaculate common areas reflect the same pride of ownership found throughout the property. Excellent unit mix includes two first-floor apartments one 1-bedroom and one 2-bedroom a second-floor 2-bedroom, and a townhouse-style 3-bedroom with two full bathrooms spanning the second and private third floors, offering the space and feel of a single-family home. Coin-operated laundry in the basement provides additional income and enhances tenant convenience. Currently generating $6,670 per month with excellent tenants in place and clear room for rent growth. Tenants pay their own utilities, helping keep owner expenses minimal. Additional features include efficient direct-vent gas heat, mini-splits, vinyl siding, striped off-street parking, outdoor space and a stone retaining wall. A rare opportunity to acquire stabilized cash flow in a strong Cumberland rental market. The property shows beautifully in photos, but the quality, cleanliness and overall feel are even more impressive in person schedule a private showing to fully appreciate it.