$815,000

Multi Family In West Warwick

  • 8 Beds
  • 4 Baths
  • 2,979 Sqft
  • 17,424 Sqft lot
  • Updated: September 15
  • Source:
    StateWide MLS  MLS#1416180

About the Property

Fully occupied, lead-certified four-unit investment property generating approximately $7,700 per month ($92,400 annually) in gross rental income. All four units feature 2 bedrooms and 1 bathroom, offering a strong and consistent unit mix with established in-place income. Designed for efficient ownership, tenants are responsible for their own heating expenses, while minimal common areas maximize re
Fully occupied, lead-certified four-unit investment property generating approximately $7,700 per month ($92,400 annually) in gross rental income. All four units feature 2 bedrooms and 1 bathroom, offering a strong and consistent unit mix with established in-place income. Designed for efficient ownership, tenants are responsible for their own heating expenses, while minimal common areas maximize rentable square footage. Significant recent capital improvements include a new roof, two new driveways, new rear porches, four new hot water heaters, updated kitchens and bathrooms, and replacement windows, helping reduce near-term capital needs. The property is also equipped with a recently tested and certified commercial fire alarm system. Heating systems include a combination of forced hot air and boiler heat. Set on a large lot with ample off-street parking, this property offers an attractive combination of strong current income, low-maintenance ownership and long-term upside. Conveniently located near shopping, dining, highways and area amenities, with continued investment and development occurring nearby. A turnkey opportunity to acquire a stabilized four-unit asset with strong cash flow and substantial improvements already completed.
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  • Property type

    Other

  • Floors

    2

  • Year built

    1910

  • Price/sqft

    $273

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32 Harris Avenue, West Warwick, Rhode Island, United States View on Google Maps
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SERHANT. - Newport

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SERHANT. - Newport
Rhode Island, United States
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SERHANT. - Newport
Newport, Rhode Island, United States
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Last updated
September 15
First listed
June 26
Listing reference
1416180
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