$385,000
$399,900
3.7%For more information regarding the value of a property, please contact us for a free consultation.
1076 Main ST West Warwick, RI 02893
12 Beds
4 Baths
4,760 SqFt
Key Details
Sold Price $385,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,760 sqft
Price per Sqft $80
Subdivision Artic
MLS Listing ID 1276544
Sold Date 05/14/21
Bedrooms 12
Full Baths 4
HOA Y/N No
Abv Grd Liv Area 4,760
Year Built 1920
Annual Tax Amount $6,098
Tax Year 2020
Lot Size 10,018 Sqft
Acres 0.23
Property Sub-Type Multi Family
Property Description
INVESTORS - looking for a high-yielding, turnkey investment property and a significant rate of return? This 12 bedroom, four unit building is fully rented, has a hard-wired fire alarm system, assigned parking for 8+ cars, coin-op laundry and storage units in the basement. The layout consists of two, five bedroom townhouses (2nd and 3rd floors) and two, one bedroom units on the first floor. The townhouse rents are below market value and the units do need some TLC but the tenants are longstanding. The owners have kept up with routine maintenance over the years including a young high-efficiency heating system and have a great rental history. It's time for these owners to cash out of their cash cow and turn the keys over - act fast, opportunities like this are hard to come by.
Location
State RI
County Kent
Community Artic
Rooms
Basement Full, Interior Entry, Unfinished
Interior
Interior Features Attic, Tub Shower
Heating Baseboard, Gas
Cooling 1 Unit
Flooring Other
Fireplaces Type None
Fireplace No
Appliance Oven, Range, Refrigerator, Water Heater
Laundry Common Area
Exterior
Exterior Feature Paved Driveway
Utilities Available Sewer Connected
Total Parking Spaces 9
Garage No
Building
Lot Description Paved
Foundation See Remarks
Sewer Connected
Water Connected
Structure Type Drywall,Plaster,Aluminum Siding
New Construction No
Others
Senior Community No
Tax ID 1076MAINSTWWAR
Financing FHA,VA
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