19 Clement St, Tiverton, RI 02878
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$675,000
6 Unit
10 Beds
6 Baths
3626 SQFT
0.14 Acre

Property Description

6 unit multi-family producing a steady flow of income. ---- UNIT 1 - 1 Bed, 1 Bath, $750, will be vacant June 1. ---- UNIT 2 - 3 Bed, 1 Bath, $1050. ---- UNIT 3 - 1 Bed, 1 Bath, $700. ---- UNIT 4 - 2 Bed, 1 Bath, $725. ---- UNIT 5 - 2 Bed, 1 Bath, $825. ---- UNIT 6 - 1 Bed, 1 Bath, $900. ---- ~~ALL RENTS ARE BELOW MARKET VALUE~~ Two tandem off street parking spaces. Large back yard. Roof is 2 years old. All newer hot water tanks. Coin-op washer and dryer in the basement. Separate electric meters for each tenant plus a common one. One unit has a boiler and baseboard heat, 1 has electric baseboard heat and the others have gas space heaters. Connected to sewer and public water. Units are always rented. There is one lease and all others are tenants-at-will.

Property Details tap to expand

Building Information

  • Total Units: 6
  • Total Floors: 9
  • Total Bedrooms: 10
  • Total Full Baths: 6
  • Basement Features: Dirt Floor, Full, Interior Access
  • Common Rooms: Kitchen, Living Room
  • Common Interior Features: Bathroom with Shower Stall, Bathroom With Tub & Shower
  • Common Appliances: Range, Refrigerator, Refrigerator - Wine Storage
  • Common Heating: Extra Flue, Gas, Gas, Heat Pump, Hot Air Gravity, Hot Water Baseboard, Space Heater
  • Common Cooling: None

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided
  • Gross Operating Income: 58500
  • Gross Expenses: 14715
  • Electric Expenses: 153
  • Water/Sewer: 3121
  • INSC: 5652
  • Net Operating Income: 43785

Utilities

  • Electric Info: 100 Amps, Circuit Breakers, Common, Individually Metered, Other (See Remarks), Other (See Remarks), Underground
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Other (See Remarks), Water
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Other (See Remarks), Water
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 3 Description

  • Included in Rent: Other (See Remarks), Water
  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 4 Description

  • Included in Rent: Other (See Remarks), Water
  • Under Lease: No
  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1930
  • Type: 5-9 Family
  • Foundation Info: Other (See Remarks)
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood
  • Lead Paint: Unknown, Yes
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73367101
  • Last Updated: 05/04/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
05/04/2025Active$675,000$186MLSPIN
04/30/2025New$675,000$186MLSPIN

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Seller's Representative: Joy Gilkeson, Keller Williams Coastal
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-05-04 04:05:00

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