Cash-Flow in Mount Pleasant with 8.1% Cap Rate! A spacious three-family with a finished basement featuring a full bath and two bonus rooms, generating nearly $70,000 in annual rent. The attic, currently divided into three storage rooms, offers additional potential income or additional potential living space.
Major updates include a new roof (2019), boiler replacement (2019), hot water tanks (2021 & 2024), renovated kitchens and bathrooms (2024). Tenant-paid utilities, hardwood floors, off-street parking, and a quiet, wide street lined with mostly single-family homes add to the property’s turnkey appeal. Fully lead-certified.
Whether you’re an owner-occupant using FHA financing or an investor seeking immediate cash flow, this property delivers affordability, strong income from day one, and long-term upside—all in a prime location near Rhode Island College, La Salle Academy, and Federal Hill.
Open House
Saturday, August 23 | 11:00 AM – 1:00 PM
Sunday, August 24 | 11:00 AM – 1:00 PM
Date | Event | Price | $/Sqft | Source |
---|---|---|---|---|
Listed For Sale | $699,000 | $213 | Cameron Prestige, Llc |
Year | Annual Amount | Description |
---|---|---|
2024 | $7,112 |
Elementary School George J. West Elementary School | 0.1 miles away | KG - 06 | |
Elementary School William D'abate Elementary School | 0.5 miles away | KG - 05 | |
High School Mount Pleasant High School | 0.6 miles away | 09 - 12 |