189 Smith Street

Cranston, RI 02905

$599,000
Price
4
Beds
2
Baths
2
1/2 Baths
4,110 Sq. Ft.
$146 / Sq. Ft.
4,110
Sq. Ft.
$146
per Sq. Ft.

Description

Welcome to 189 Smith Street, Cranston - a prime investment opportunity! This well-maintained property boasts a total of 4 units, strategically divided into 2 commercial spaces and 2 residential units, providing a diverse income stream. Additionally, a 2-car garage is included, further enhancing your potential for additional rental income. All units, with the exception of one commercial, are currently rented, offering immediate returns on your investment. The residential units feature elegant hardwood...Welcome to 189 Smith Street, Cranston - a prime investment opportunity! This well-maintained property boasts a total of 4 units, strategically divided into 2 commercial spaces and 2 residential units, providing a diverse income stream. Additionally, a 2-car garage is included, further enhancing your potential for additional rental income. All units, with the exception of one commercial, are currently rented, offering immediate returns on your investment. The residential units feature elegant hardwood flooring, adding a touch of sophistication and easy maintenance. This property presents a unique opportunity for savvy investors to increase rental rates and bring the income closer to market value. The prime location of 189 Smith Street ensures a high demand for both commercial and residential spaces, making it an ideal investment for those seeking a reliable and lucrative real estate opportunity. Don't miss your chance to own a well-diversified income property in the heart of Cranston. Schedule a viewing today and explore the potential that this meticulously maintained building has to offer.
  1. Listed by Kyle Seyboth • Century 21 The Seyboth Team
    P: 508-726-3492 kyle@seybothteam.com

Property Details for 189 Smith Street

Waterfront Features
Walkto Water

Location

Listing Courtesy of Century 21 The Seyboth Team
Add your commute
LISTING UPDATED: 05/12/2024 12:32 AM

Property Details for 189 Smith Street

StatusActive
MLS #1358122
Days on Market15
Taxes$8,753 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Multi Family
Year Built1930
Lot Size0.08 AC / 3,310 SF
CountyProvidence County

Location

Listing Courtesy of Century 21 The Seyboth Team
Add your commute

Building Information for 189 Smith Street

Stories2Residences4Year Built1930Building Size-Lot Size0.08 AC / 3,310 SF

Payment Calculator

$3,998 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,269

Property Taxes

$729

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 189 Smith Street

Summary
Location and General Information
  • City: Cranston
  • Community Features: Golf, Highway Access, Marina, Near Hospital, Near Schools, Public Transportation, Restaurant, Shopping
  • Postal City: Cranston
  • Postal Code: 02905
  • 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: 4
Taxes and HOA Information
  • Tax Annual Amount: $8,753.00
  • Tax Assessed Value: 304400
  • Tax Lot: 3447
  • Tax Year: 2022
Property
Lot Information
  • Above Grade Fin SQFT: 4110.0
  • Building Area Total: 4110.0
  • Frontage Length: 67
  • Living Area Source: Owner
  • Lot Size Acres: 0.076
  • Lot Size Area: 3310.0
  • Lot Size Square Feet: 3310.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 1
  • Parcel Number: 189SMITHSTCRAN
  • Stories Total: 2
Property and Assessments
  • Business Type: Other
  • New Construction Y N: No
  • Number Of Units Total: 4
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Senior Community Y N: No
  • Year Built: 1930
  • C L I P: 1,000,126,356
Utilities
  • Electric: Circuit Breakers
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected
Interior and Exterior Features
Exterior Features
  • Exterior Features: Paved Driveway
  • Foundation Details: Concrete Perimeter
Interior Features
  • Appliances: Gas Water Heater
  • Basement: Full, Interior Entry, Unfinished
  • Basement Y N: Yes
  • Bathrooms Full: 2
  • Bathrooms Half: 2
  • Bathrooms Total Integer: 4
  • Bedrooms Total: 4
  • Cooling: 1 Unit
  • Cooling Y N: Yes
  • Fireplace Features: None
  • Fireplaces Total: 0
  • Fireplace Y N: No
  • Flooring: Ceramic Tile, Hardwood, Laminate
  • Heating: Forced Air, Gas
  • Heating Y N: Yes
  • Laundry Features: Common Area
  • Rooms Total: 22
Multi Family
Income & Expenses Information
  • Operating Expense: $9,500.00
Unit 1 Information
  • Actual Rent: $1,200.00
  • Unit Type Area: 700.0
  • Baths Total: 1
  • Beds Total: 1
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Unit 2 Information
  • Actual Rent: $1,500.00
  • Unit Type Area: 1200.0
  • Baths Total: 1
  • Beds Total: 3
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Unit 3 Information
  • Actual Rent: $2,700.00
  • Unit Type Area: 1500.0
  • Baths Total: 1
  • Beds Total: 0
  • Num of Full Baths: 0
  • Num of Half Baths: 1
Unit 4 Information
  • Actual Rent: $1,200.00
  • Unit Type Area: 1000.0
  • Baths Total: 1
  • Beds Total: 0
  • Num of Full Baths: 0
  • Num of Half Baths: 1
Rental
Rental Information
  • Lease Amount Per Area Unit: DollarsPerSquareFoot
  • Land Lease Y N: No

Property History for 189 Smith Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 189 Smith Street

This home is within Cranston School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 1 to 5
Rating
School
Distance
Edgewood Highland School
PublicPK to 5

Park View Middle School
Public6 to 8

Cranston High School East
Public9 to 12

Chester W. Barrows School
Public1 to 5

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.

Similar Homes

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189 Smith Street is a multi-family home for sale in Cranston, RI 02905. This property was listed for sale on May 1, 2024 by Century 21 The Seyboth Team, it's currently listed at $599,000. This listing's school district is Cranston School District. Nearby schools include Edgewood Highland School, Park View Middle School and Cranston High School East. 189 Smith Street is a 4-bed, 3-bath, 4,110 sqft multi-family home built in 1930.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Century 21 The Seyboth Team

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.