7 Tanyard Lane, Chepachet

Multi-Family for Sale
Catylist Listing ID: 30172255
Property Subtypes: Duplex/Fourplex, Low-Rise/Garden
Number of Units: 5 Units
Building Size (RSF): 3,780 SF
Gross Building Area: 6,048 SF
Gross Land Area: 0.68 Acres
Sale Price: $359,900
Unit Price: $71,980 Per Unit
Property Use Type: Investment
Building Name: 7 Tanyard Lane
Usable Size (USF): 3,780 SF
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 1/2/2018

Overview / Comments

Amazingly well kept multi family in the center of historic Chepachet Village. This fully occupied property consists of 5 total units (legal 4. Certificate of legal use attached) including three single level 2 bedroom units, one 2 bedroom townhouse and one 1 bedroom loft. Coin operated laundry plus tenant storage in basement. Fully fire alarm compliant. Ample tenant parking. Landscaped spacious back yard overlooks the Chepachet River.
This property could serve as a great investment and/or owner occupied.

Chepachet is listed on the National Register of Historic Places. The village itself has undergone many recent improvements and upgrades including drainage reconstruction, new sidewalks, benches, period lighting, street trees, road reconstruction and intersection reconfiguration.

Financials

Finance Data Year 2016
Real Estate Taxes - Annual($) $5,609 (Annual)
Tax Value Land $49,300
Tax Value Improvements $235,000
Assessed Value - Total($) $284,300 (Annual)
Net Operating Income $37,380 (Annual)
Gross Operating Income $61,488 (Annual)

Additional Details

Nearest MSA: Providence-Warwick
County: Providence
Taxing Authority: Town of Glocester
Tax ID/APN: 10A/081
Zoning: B1H
Percent Occupied: 100%
Total Number of Buildings: 1
Property Condition: Excellent
Number of Stories: 3
Year Built: 1900
Year Renovated: 2011
Roof Type: Arched
Construction/Siding: Wood Siding
Parking Type: Surface
Total Parking Spaces: 8
Laundry: Shared
Heat Type: Electricity, Oil
Heat Source: Baseboard
Fuel: Oil, Propane
Water Service: Well
Sewer Type: Septic

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 995 11,036 24,383
Median Age: 45.85 43.99 43.23
Households: 402 4,061 9,201

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