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Image 1 - 543 Laurel Hill Ave, Cranston, Rhode Island, 02920 - House for sale
Image 2 - 543 Laurel Hill Ave, Cranston, Rhode Island, 02920 - House for sale
Image 3 - 543 Laurel Hill Ave, Cranston, Rhode Island, 02920 - House for sale
Image 4 - 543 Laurel Hill Ave, Cranston, Rhode Island, 02920 - House for sale
Image 5 - 543 Laurel Hill Ave, Cranston, Rhode Island, 02920 - House for sale
Image 6 - 543 Laurel Hill Ave, Cranston, Rhode Island, 02920 - House for sale
Image 7 - 543 Laurel Hill Ave, Cranston, Rhode Island, 02920 - House for sale
Image 8 - 543 Laurel Hill Ave, Cranston, Rhode Island, 02920 - House for sale
Image 9 - 543 Laurel Hill Ave, Cranston, Rhode Island, 02920 - House for sale
Laurel Hill Ave, Cranston, Home For Sale
543 Laurel Hill Ave, Cranston, Rhode Island, 02920

Laurel Hill Ave, Cranston, Home For Sale

house for sale
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Listed: 08/09/24

543 Laurel Hill Ave, Cranston, Rhode Island, 02920

8 Bed:
5 Bath:
8,374 Sq Ft Living Area:
Save
Price
$ 700,000

About This House

Gorgeous 5-unit investment property in mint condition located in a desirable single-family neighborhood in Cranston on a corner lot. The building features a strong unit mix, including a spacious 3-bed/1-bath unit, a 2-bed/1-bath unit, and three 1-bed/1-bath units. Several of the units have received interior upgrades over the years. All units are clean, in mint condition, and have excellent tenants! The property boasts a 7.7% cap rate with a 10% cap and 16% cash-on-cash returns at pro-forma. Total pro-forma annual income is$102, 000,with a current annual income of$84, 600.There are off-street parking spaces for tenants, a wrap-around porch, a covered patio, ample off-street parking, and 2 garages. This is a great opportunity to acquire an asset that cash flows from day one and still has significant value to add plus upside in the rent roll. Financials are available upon request. Also listed #1363017

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Cranston Housing & Living

Average sale prices for houses

2 bed
3 bed
4+ bed
Show as List Show as Graph
In July 2024, the asking price for 2 bed houses for sale in/near Cranston, United States averaged $393,735, an increase of 5.1% from the previous month.
Median price trends for properties for sale in Cranston, United States as of July 2024.

Household Income

Median household income: $64,282
Number of households: 30,515
The average household income in Cranston, RI grew from $61,646 to $64,282 in the past year. This data is an estimate based upon 30,515 households in Cranston, RI.
The chart below presents how household income is distributed in Cranston, RI in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Cranston, RI compared to median property taxes around the country. The prevalent amount of property taxes in Cranston, RI equals $3k+ , which is more than the national average.