Last Sold Price
9 beds6,371 sqft$88/sqft
63 Shady Lea Rd, North Kingstown, RI 02852

Description

Exceptional and rare 4-Unit Multifamily residential building in a great NK location on Shady Lea Rd. All four units are currently occupied with quality long term tenants. This property is a great investment opportunity for immediate cash flow with lots of room to increase rents going forward. ($53,100.00 annual rental income currently). All tenants are on month-to-month leases. The building is mostly turn key as three of the four units have already been updated. Completed in the last few years: new...Exceptional and rare 4-Unit Multifamily residential building in a great NK location on Shady Lea Rd. All four units are currently occupied with quality long term tenants. This property is a great investment opportunity for immediate cash flow with lots of room to increase rents going forward. ($53,100.00 annual rental income currently). All tenants are on month-to-month leases. The building is mostly turn key as three of the four units have already been updated. Completed in the last few years: new roof, new vinyl siding, hardwood floors refinished, new double-pane double-hung energy efficient windows, chimney re-pointed, etc. Rare offering in North Kingstown!
LISTING CLOSED: 07/01/2019 12:00 AM

  1. Listed by Robert Sweeney • Brokerage DRE #REB.0016699 • Keller Williams N. Kingstown
    P: (401)-741-6931 robertsweeney@kw.com

Property Details for 63 Shady Lea Road

Status
MLS #
1223404
Days on Market
15
Taxes
$6,376 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential Income / Multi Family
Year Built
1850
Lot Size
0.34 AC / 14,782 SF
Subdivision Name
Shady Lea

Location

Listing Courtesy of Keller Williams N. Kingstown

Sold By KELLER WILLIAMS RLTY NEWPORT

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Building Information for 63 Shady Lea Road

Stories3Residences4Year Built1850Building Size-Lot Size0.34 AC / 14,782 SF

Payment Calculator

$3,370 per month

30 year fixed, 6.55% Interest

Principal and Interest

$2,839

Property Taxes

$531

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 63 Shady Lea Road

Summary
Location and General Information
  • City: North Kingstown
  • Community Features: Golf, Highway Access, Marina, Near Hospital, Near Schools, Public Transportation
  • Postal City: North Kingstown
  • Postal Code: 02852
  • Postal Code Plus4: 7001
  • State Or Province: RI
  • Human Modified Y N: No
Parking
  • Covered Spaces: 0
  • Garage Spaces: 0
  • Garage Y N: No
  • Parking Features: No Garage
  • Parking Total: 10
Taxes and HOA Information
  • Association Fee: $.00
  • Tax Annual Amount: $6,376.00
  • Tax Assessed Value: 334000
  • Tax Lot: 007
  • Tax Year: 2018
Property
Lot Information
  • Above Grade Fin SQFT: 6371.0
  • Building Area Total: 6371.0
  • Living Area Source: Public Records
  • Lot Size Acres: 0.3393
  • Lot Size Area: 14782.0
  • Lot Size Square Feet: 14782.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 1
  • Parcel Number: 63SHADYLEARDNKNG
  • Stories Total: 3
Property and Assessments
  • Buyer Financing: Fha, Va
  • New Construction Y N: No
  • Number Of Units Total: 4
  • Property Sub Type: Multi Family
  • Property Type: ResidentialIncome
  • Senior Community Y N: No
  • Year Built: 1850
  • C L I P: 2,507,003,529
Utilities
  • Electric: Amps200Or More
  • Sewer: Septic Tank
  • Water Source: Connected
Interior and Exterior Features
Exterior Features
  • Foundation Details: Combination
  • Security Features: Security System Owned
Interior Features
  • Appliances: Gas Water Heater, Oven, Range, Refrigerator
  • Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement Y N: Yes
  • Bathrooms Full: 4
  • Bathrooms Half: 0
  • Bathrooms Total Integer: 4
  • Bedrooms Total: 9
  • Cooling: None
  • Cooling Y N: No
  • Fireplace Features: None
  • Fireplaces Total: 0
  • Fireplace Y N: No
  • Flooring: Hardwood, Parquet
  • Heating: Forced Air, Hot Water, Oil
  • Heating Y N: Yes
  • Interior Features: Tub Shower
  • Laundry Features: Common Area
  • Rooms Total: 21
Multi Family
Income & Expenses Information
  • Operating Expense: $8,710.00
Unit 1 Information
  • Actual Rent: $1,250.00
  • Unit Type Area: 1000.0
  • Baths Total: 1
  • Beds Total: 3
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Unit 2 Information
  • Actual Rent: $1,050.00
  • Unit Type Area: 850.0
  • Baths Total: 1
  • Beds Total: 2
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Unit 3 Information
  • Actual Rent: $1,250.00
  • Unit Type Area: 1000.0
  • Baths Total: 1
  • Beds Total: 3
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Unit 4 Information
  • Actual Rent: $875.00
  • Unit Type Area: 650.0
  • Baths Total: 1
  • Beds Total: 1
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Rental
Rental Information
  • Lease Amount Per Area Unit: DollarsPerSquareFoot
  • Land Lease Y N: No

Property History for 63 Shady Lea Road

DateEvent & SourcePriceAppreciation
Jul 1, 2019

Sold (Public Record)

Public Record #647799958

$558,450

+0.7% / yr

Jul 1, 2019

Sold

Rhode Island Association of REALTORS® #1223404

$558,450
May 29, 2019

Contract Signed

Rhode Island Association of REALTORS® #1223404

DateEvent & SourcePrice
07/01/2019

Sold (Public Record)

Public Record #647799958

$558,450

+0.7% / yr

07/01/2019

Sold

Rhode Island Association of REALTORS® #1223404

$558,450
05/29/2019

Contract Signed

Rhode Island Association of REALTORS® #1223404

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 63 Shady Lea Road

Taxable ValueLand$190,500Additions$509,000Total$699,500
Tax Record2025$7,722 ($644 / month)
Home Facts
Baths4Total Finished SqFt3,468 SqFtAbove Grade Finished SqFt3,468 SqFtUnfinished Basement SqFt1,668 SqFtStories2Lot Size14,782 SqFtStyleMulti-Family Dwelling (2-4)Year Built1850Year Renovated1850ZoningVRCountyWASHINGTONAPNNKIN M:007 B:007

Schools near 63 Shady Lea Road

This home is within North Kingstown School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 3
Rating
School
Distance
Hamilton School
PublicK to 5

Wickford Middle School
Public6 to 8

North Kingstown Senior High School
Public9 to 12

Davisville Academy
PublicPK to 3

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 63 Shady Lea Road, North Kingstown, RI 02852
$558,450
9
6,371
14,782
$515,000
10
3,468
14,190
$289,000
4
1,591
10,890
$599,000
3
1,639
80,150
$435,000
3
1,008
12,600
3
2
1,685
80,586

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams N. Kingstown

Based on information from one of the following Multiple Listing Services: Rhode Island Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Rhode Island Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.