For Sale
$1,400,000

Main RdTiverton, RI 02878

High-yield multi-building property, 13 units.

Overview

Added:
Feb 3
Days on market:
63
This exceptional investment opportunity in Tiverton, Rhode Island presents a rare chance to acquire a portfolio of three income-generating buildings situated on a 0.44-acre lot. The property comprises a total of thirteen rentable units, currently generating an annual gross income of $98,280. Significant upside potential exists due to below-market rents. The main building, located at 28-32 Main Road, is a mixed-use structure encompassing four residential units totaling 4,270 square feet and two retail storefront units totaling 1,522 square feet. A second building at 36 Main Road features a large 2,748-square-foot storefront space, potentially divisible into two units, along with a spacious storage room, bathroom, and two sizable garage units adding 2,457 square feet. Finally, 27 Rock Street houses three garage units and a spacious office loft area, with each floor offering 1,118 square feet. This unique property offers a diverse range of rental options, catering to a variety of tenants. The substantial existing income stream, combined with the potential for rent increases, makes this a compelling investment prospect with strong long-term growth potential. The property is priced at $1,400,000.

Property Details for Main Rd

Property type
Year Built
1900
Lot Size (sq. ft)
19,166 SF

Location Insight

City
Tiverton
County
Newport
State
Rhode Island
Latitude
41.67299
Longitude
-71.18436
Main Rd, Tiverton, Rhode Island

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Main Rd
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