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144-145 Railroad St 7 Unit Apartment Building $2,038,815 CAD ($291,259 CAD/Unit) Manville, RI 02838

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EXECUTIVE SUMMARY

Investors take note! This income-generating 7 unit offers plenty of cashflow with updated market rent. Five units include 3 spacious bedrooms, dine-in kitchens and open living room area. One unit offers 2 bedrooms with the same layout and the last unit is a spacious studio. 6 of the 7 units have been completely renovated and offer access to a shared front balcony. Off-street parking for up to 10 cars (each unit has one parking spot) with plenty of street parking as well. Property is up to fire code and complete with new electrical, boilers, and hot water heaters. $9500/monthly income. Do not miss out on this fully-occupied opportunity. Schedule a showing today!

FINANCIAL SUMMARY (ACTUAL - 2022)

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income $171,260 $20.77
Taxes - -
Operating Expenses - -
Total Expenses $28,387 $3.44
Net Operating Income $142,873 $17.32

FINANCIAL SUMMARY (ACTUAL - 2022)

Gross Rental Income (CAD)
Annual -
Annual Per SF -
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $171,260
Annual Per SF $20.77
Taxes (CAD)
Annual -
Annual Per SF -
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $28,387
Annual Per SF $3.44
Net Operating Income (CAD)
Annual $142,873
Annual Per SF $17.32

PROPERTY FACTS

Price $2,038,815 CAD
Price Per Unit $291,259 CAD
Sale Type Investment
No. Units 7
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 7.14 AC
Building Size 8,247 SF
Average Occupancy 100%
No. Stories 3
Year Built 1900
Parking Ratio 1.21/1,000 SF
Zoning BL05 - Business

AMENITIES

UNIT AMENITIES

  • Balcony

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 6 - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
LINC-000037-002100-000000
Land Assessment
$155,679 CAD (2025)
Improvements Assessment
$608,677 CAD (2025)
Total Assessment
$764,355 CAD (2025)
  • Listing ID: 28128429

  • Date on Market: 2023-04-03

  • Last Updated:

  • Address: 144-145 Railroad St, Manville, RI 02838

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