Jean Cameron
New Listing - 04/09/2025
44-46 Village Way, Burrillville, (Glendale), RI, 02826
26 rooms
7 beds
4 Full baths
1940
Units on different Floors
3,800 sqft
Cash-Flowing 4-Unit Multifamily with Expansion Potential Investor's dream in the heart of Burrillville! This well-maintained four-unit multifamily property offers strong existing cash flow with long-term tenants in place, making it a turn-key addition to any portfolio. The 2nd floor has a 3 bed town house that has been completely renovated as well as a separate 2 bed apartment. The first floor has a 2 bedroom apartment that has been completely renovated and a 2 bedroom apartment that has been updated with in unit laundry, All with separate utilities, all electric, central fire alarm, separate utilities, vinyl siding, architectural shingles, city sewer and stable rental income with cash flow of 7600 for 4 units. But the real value lies in the potential: Ability to finish the basement for a 5th unit-perfect for increasing NOI and property value. Includes a potentially buildable lot, opening doors for future condo development or resale. Plenty of off-street parking and a spacious yard add tenant appeal and development flexibility. Whether you're looking to house hack, expand your investment portfolio, or build out additional units, this property offers multiple value-add opportunities in a strong rental market. Don't miss out-opportunities like this are rare in Burrillville. Reach out today for financials or a private tour!
Status:
Under Contract
Town:
Burrillville
Type:
Multi-family
Units:
4
Zoning:
R40
Heating:
Baseboard
Cooling:
None
Basement:
Full
Acreage:
1.31
Est. Taxes:
$4,831
Assessment
$322,500
Lot Description:
N/A
Elementary School:
Auston T Levy Primary
High School:
Burrillville
Days on Market:
4
MLS #:
24087185
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School Info
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Listing courtesy of David Sepulveda, Real Broker CT, LLC Email: dave.sepy@gmail.com