Sold
Last Sold Price
10 beds3,094 sqft$94/sqft
84-86 Spring St, Lincoln, RI 02838
Multi FamilyProperty Type
6,970 sq ftLot Size
1900Year Built
$94/sq ftPrice per sq ft
7 carsParking Spaces

Description

3 family isn't currently smoke/co hard wired. This is a great opportunity for owner occupied or investors! Owner and family currently occupy all units, but you could easily get 3,500+ in income! Large single family and 3 family building on the same lot for a total of 4 income producing units. Single family has 4 bedrooms and 1.5 baths. Also, a partially finished basement with a walk out to the back yard. Each unit in the 3 family has 2 beds and 1 bath. All with their own separate entry ways and porches....3 family isn't currently smoke/co hard wired. This is a great opportunity for owner occupied or investors! Owner and family currently occupy all units, but you could easily get 3,500+ in income! Large single family and 3 family building on the same lot for a total of 4 income producing units. Single family has 4 bedrooms and 1.5 baths. Also, a partially finished basement with a walk out to the back yard. Each unit in the 3 family has 2 beds and 1 bath. All with their own separate entry ways and porches. With a detached 2 car garage, that has a mechanics pit. All new replacement windows through out. Each unit is in good to great condition. Don't miss out on this amazing investment opportunity!
  • Listed by: Amanda Pepin 401.654.0052 amandapepin@kw.com Brokerage DRE #REB.0014022 • Keller Williams Realty NRI
Listing closed: 09/19/2017 12:00 AM • Source: Rhode Island Association of REALTORS®, MLS#: 1163532

Location

Listing Courtesy of Keller Williams Realty NRI

Sold By HomeSmart Professionals RE

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$2,000 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,474

Property Taxes

$526

HOA Dues

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Property Information for 84-86 Spring Street

Property Details
  • Taxes: $6,312 / year
  • MLS Type: Residential Income / Multi Family
  • Subdivision Name: Manville
Building Information
  • Residences: 4
  • Year Built: 1900
  • Lot Size: 0.16 AC / 6,970 SF
Summary
Location and General Information
  • City: Lincoln
  • Community Features: Highway Access, Near Schools
  • Postal City: Lincoln
  • Postal Code: 02838
  • State Or Province: RI
  • Human Modified Y N: No
Parking
  • Attached Garage Y N: No
  • Covered Spaces: 2
  • Garage Spaces: 2
  • Garage Y N: Yes
  • Parking Features: Detached, Garage
  • Parking Total: 7
Taxes and HOA Information
  • Tax Annual Amount: $6,311.52
  • Tax Assessed Value: 295500
  • Tax Lot: 074
  • Tax Year: 2016
Property
Lot Information
  • Above Grade Fin SQFT: 3094.0
  • Building Area Total: 3094.0
  • Living Area Source: Public Records
  • Lot Size Acres: 0.16
  • Lot Size Area: 6970.0
  • Lot Size Square Feet: 6970.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 2
  • Parcel Number: 84-86Spring STLINC
  • Stories Total: 0
  • Structure Type: Apartment
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: 1900
Utilities
  • Electric: Circuit Breakers, Fuses
  • Sewer: Connected
  • Utilities: Sewer Connected
Interior and Exterior Features
Exterior Features
  • Accessibility Features: Other
  • Exterior Features: Porch, Patio
Interior Features
  • Appliances: Dishwasher, Gas Water Heater, Oven, Range, Refrigerator, Water Heater Rented
  • Basement: Exterior Entry, Interior Entry, Partial, Partially Finished
  • Basement Y N: Yes
  • Bathrooms Full: 4
  • Bathrooms Half: 1
  • Bathrooms Total Integer: 5
  • Bedrooms Total: 10
  • Cooling: None, One Unit
  • Cooling Y N: No
  • Door Features: Storm Doors
  • Fireplaces Total: 0
  • Fireplace Y N: No
  • Flooring: Hardwood, Laminate
  • Heating: Baseboard, Electric, Forced Air, Gas, Hot Water
  • Heating Y N: Yes
  • Interior Features: Bathtub, Stall Shower
  • Laundry Features: Common Area, In Unit
  • Patio And Porch Features: Patio, Porch, Screened
  • Rooms Total: 22
Multi Family
Income & Expenses Information
  • Operating Expense: $7,702.00
Unit 1 Information
  • Actual Rent: $500.00
  • Description: bottom 1st unit
  • Unit Type Area: 370.0
  • Baths Total: 1
  • Beds Total: 2
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Unit 2 Information
  • Actual Rent: $700.00
  • Description: 2nd unit
  • Unit Type Area: 725.0
  • Baths Total: 1
  • Beds Total: 2
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Unit 3 Information
  • Actual Rent: $.00
  • Description: owner unit
  • Occupant Type: Owner
  • Unit Type Area: 725.0
  • Baths Total: 1
  • Beds Total: 2
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Unit 4 Information
  • Actual Rent: $900.00
  • Description: single family
  • Unit Type Area: 2406.0
  • Baths Total: 2
  • Beds Total: 4
  • Num of Full Baths: 1
  • Num of Half Baths: 1
Rental
Rental Information
  • Lease Amount Per Area Unit: DollarsPerSquareFoot
  • Land Lease Y N: No

Property History for 84-86 Spring Street

DateEvent & SourcePriceAppreciation
Sep 19, 2017

Sold

Rhode Island Association of REALTORS® #1163532

$290,000
Jul 14, 2017

Contract Signed

Rhode Island Association of REALTORS® #1163532

Jun 3, 2017

Listed (Active)

Rhode Island Association of REALTORS® #1163532

$335,000
DateEvent & SourcePrice
09/19/2017

Sold

Rhode Island Association of REALTORS® #1163532

$290,000
07/14/2017

Contract Signed

Rhode Island Association of REALTORS® #1163532

06/03/2017

Listed (Active)

Rhode Island Association of REALTORS® #1163532

$335,000

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

Schools near 84-86 Spring Street

This home is within Lincoln School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 1
Rating
School
Distance
Northern Lincoln Elementary
PublicPK to 5

Lincoln Middle School
Public6 to 8

Lincoln Senior High School
Public9 to 12

Northern Early Learning Center
PublicPK to 1

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: 84-86 Spring Street, Lincoln, RI 02838
$290,000
10
3,094
6,970
$290,000
7,057
$40,000
3
1,422
2,614
$195,000
12,807
$285,000
4,359
5,663
8,820
8,799

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 Realty NRI

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.