0 Cranston Street
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 21, 2024 | No longer available | - | |
| No longer available | |||
| Jan 31, 2024 | Listed | $900,000 | |
| Listed | |||
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This opportunity includes 9 vacant lots totaling approximately 20 acres of land. Classified as R-1 + R-2 zoning, allowing for single family houses to be built. The existing lots can be further subdivided to create additional single family homes/lots. The 14 acre lot and 2 smaller lots abut the Dowling Village Shopping Center and offer great potential for a large-scale residential or potential commercial development. Easy highway access and convenient nearby amenities make this an ideal site for an experienced developer
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| Jan 30, 2024 | Price Decreased |
$900,000
↓ $600K
(40%) | |
| Price Decreased | |||
| Dec 1, 2023 | No longer available | - | |
| No longer available | |||
| Jul 29, 2023 | Listed | $1,500,000 | |
| Listed | |||
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The BIGGEST Residential Housing Opportunity Woonsocket has seen in a very long time! Offering 40+ Acres of vacant land with HUGE development potential. Currently mapped as 45 separate lots, which should be re-engineered to optimize the potential of the site and number of lots available. Zoning classification is mixed between R-1 + R-2, which allows for single family housing. An additional 4+ acres can be acquired by the city abandoning the "paper streets" between the existing lots, as depicted in the listing pictures. This site abuts the backside of the Dowling Village Shopping Center and has potential for large-scale residential development, as well as a significant number of single family housing lots. A great investment for an experienced builder/developer.
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