953 955 Victory Highway

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953 955 Victory Highway

Burrillville, RI 02839
Asking Price
$675K
Asset Type
Apartment Building Mixed-use
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Mixed-use asset spanning 7,256 square feet of total building space.
  • Property is currently listed for sale at 675000 dollars.
  • Located on Victory Highway within the town of Burrillville Rhode Island.
  • The site operates primarily as a functional apartment building investment.
  • Versatile floor plan supports diverse commercial or residential leasing strategies.

What's Special

Investors seeking to expand their portfolio will find this 7,256 square foot mixed-use asset at 953-955 Victory Highway a practical addition in the Burrillville market. The property functions primarily as an apartment building, providing a established residential component within this northern Rhode Island community. Its strategic placement along a primary thoroughfare offers visibility and accessibility for residents and visitors alike. The building structure supports various configuration options for incoming ownership, whether maintaining the current use or exploring secondary commercial opportunities allowed by local zoning. Burrillville maintains a characteristic New England landscape with a blend of residential charm and local economic activity, making it a viable area for long-term hold strategies. This asset presents a clear path to value-add operations for those familiar with the regional apartment market dynamics. Its size and layout permit efficient management of the existing units, appealing to buyers focused on stable, diversified income streams in a suburban setting.

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NOI
$80,000
Cap Rate
11.85%
DSCR
2.00
Strong
Cash-on-Cash
19.72%
Monthly Payment
$3,339.532
Annual Cash Flow
$39,925.62

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