NOT LISTED FOR SALE
6 Beds
3 Baths
2,040 Sq Ft
6,534 Sq Ft Lot

Sale Details

Date Sold: January 17, 2023

Last sale price $405,000 $199 Per Sq Ft

30 Days on Market

Highlights

  • Medical Services
  • Property is near golf course, public transit, and schools
  • Wood Flooring
  • Lincoln Senior High School Rated A-
  • Post and Beam
  • Community Pool

About This Home

As of January 2023

This is the opportunity you have been waiting for to own a lovely two-family property in Lincoln, RI! Take advantage of rising rents and a property that is in very good condition. On the first floor there is a wonderful two-bedroom apartment with a well-maintained kitchen, living room and full bathroom. On the second floor you will see a spacious four-bedroom apartment with two full bathrooms, dining area, kitchen and separate living room space which could be used as a fifth bedroom. Both units are well below market rental rates so there is a great opportunity to increase the revenue generated at this property. Tenants in both of the units are month to month. The basement offers plenty of storage for both units along with a separate room with washer and dryer hookups. Just imagine owning this gorgeous two-family property, that is ready to go and is just waiting for a new owner. This money-making property has everything you need and is available now! Don’t wait, call today to schedule y

Last Agent to Sell the Property

Cesar Patricio

Maryah Abosso Listed on: 10/04/2022

Last Buyer's Agent

Robert Nichols

MIG

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,220

Year Built

  • Built in 1900

Lot Details

  • 6,534 Sq Ft Lot
  • Fenced
  • Garden

Parking

  • 2 Car Garage
  • Driveway
  • Open Parking
  • Assigned Parking

Home Design

  • Duplex
  • Post and Beam
  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,040 Sq Ft Home
  • Property has 1 Level
  • Insulated Windows
  • Insulated Doors

Kitchen

  • Built-In Oven
  • Dishwasher

Flooring

  • Wood
  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Utilities

  • Cooling Available
  • 2 Heating Zones
  • Heating Available
  • 220 Volts
  • Natural Gas Connected
  • Gas Water Heater

Additional Features

  • Bulkhead
  • Property is near golf course, public transit, and schools

Listing and Financial Details

  • Total Actual Rent $2,100
  • Rent includes unit 1(heat electric gas), unit 2(none)
  • Assessor Parcel Number 177071

Community Details

Overview

  • 2 Units

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Community Pool
  • Park

Building Details

  • Electric Expense $358
  • Insurance Expense $1,574
  • Water Sewer Expense $1,225
  • Operating Expense $8,520
  • Net Operating Income $15,557

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,220

Year Built

Built in 1900

Lot Details

6,534 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 2 Family - 2 Units Up/Down
  • Year Built: 1900
  • Buyer Agency Type: %
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Wood,Tile,Vinyl,Laminate,Hardwood, Hardwood Floors, Unit 1(undefined), Unit 2(Hardwood Floors)
  • Interior Amenities: Unit 1(Ceiling Fans,Bathroom With Tub & Shower), Unit 2(Ceiling Fans,Bathroom With Tub & Shower), Unit 1 Rooms(Living Room,Kitchen), Unit 2 Rooms(Living Room,Dining Room,Kitchen)
  • Door Features: Insulated Doors
  • Fireplace YN: No
  • Appliances: Unit 1(Range,Wall Oven,Refrigerator), Unit 2(Range,Dishwasher,Refrigerator), Gas Water Heater, Utility Connections for Gas Range
  • Total Bedrooms: 6
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Basement: Full, Interior Entry, Bulkhead
  • Living Area: 2040
  • Stories Total: 3
  • Window Features: Insulated Windows
  • MAIN LO: FR0227
  • MAIN SO: AC1495

Exterior Features

  • Exterior Features: Garden
  • Construction Materials: Post & Beam
  • Fencing: Fenced/Enclosed, Fenced
  • Foundation Details: Concrete Perimeter
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking Spaces: 2
  • Garage YN: Yes
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Assigned, Paved
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range
  • Cooling: Unit 1(Unit Control), Unit 2(Unit Control)
  • Heating: Unit 1(Gas), Unit 2(Gas)
  • Cooling Y N: Yes
  • Electric: 220 Volts
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 2
  • HEAT ZONES: 2
  • COOLING ZONES: 0

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Pool, Park, Golf, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Public School, T-Station, University
  • Rent Includes: Unit 1(Heat,Electric,Gas), Unit 2(None)
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 1225

Lot Info

  • Parcel Number: 177071
  • Zoning: RG7
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.15
  • Lot Size Sq Ft: 6534
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 5219.5

Multi Family

  • Electric Expense: 358
  • Insurance Expense: 1574
  • Net Operating Income: 15557
  • Number Of Units Total: 2
  • Operating Expense: 8520
  • Total Actual Rent: 2100
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEASE 2: N
  • LEASE 1: N

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 12, 2011
Closed on
Jan 10, 2012
Sold by
Us Bank Na
Bought by
Seller's Agent
Joe DeChristofaro
RI Realty Sales & Mgt
Buyer's Agent
Joe DeChristofaro
RI Realty Sales & Mgt
List Price
$139,900
Sold Price
$130,000
Premium/Discount to List
-$9,900
-7.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,500
Interest Rate
3.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 14, 2011
Sold by
Pires Joao and Us Bank Na
Bought by
Us Bank Na

Purchase Details

Closed on
Dec 11, 2006
Sold by
Charette Roland
Bought by
Pires Joao

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,000
Interest Rate
6.4%
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$130,000 --
Us Bank Na $189,000 --
Pires Joao $290,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $397,664
Closed Cornely Johashy $10,000
Closed Fontaine Alan $115,500
Closed -- $97,500
Previous Owner Pires Joao $58,000
Previous Owner Charette Roland O $10,000
Previous Owner Charette Roland O $105,000
Previous Owner Charette Roland O $25,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/17/2023 01/17/23 Sold $405,000 -6.9% $199 / Sq Ft
11/04/2022 11/04/22 Pending -- -- --
10/04/2022 10/04/22 For Sale $435,000 +234.6% $213 / Sq Ft
01/10/2012 01/10/12 Sold $130,000 -7.1% $80 / Sq Ft View Prior Sale
12/11/2011 12/11/11 Pending -- -- --
09/12/2011 09/12/11 For Sale $139,900 -- $86 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,946 $439,800 $163,300 $276,500
2024 $5,842 $336,700 $127,300 $209,400
2023 $5,552 $336,700 $127,300 $209,400
2022 $5,539 $336,700 $127,300 $209,400
2021 $5,239 $258,200 $74,800 $183,400
2020 $5,200 $258,200 $74,800 $183,400
2018 $4,658 $208,400 $69,700 $138,700
2017 $4,564 $208,400 $69,700 $138,700
2016 $4,540 $210,200 $69,700 $140,500
2015 $3,690 $156,800 $60,300 $96,500
2014 $3,696 $156,800 $60,300 $96,500
Source: Public Records

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73044105

MLS Property Information Network (MLS PIN)

APN: LINC M:12 L:173.0 U:

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