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    1/2 BATHS
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    $/SQFT

Listing Details

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School Ratings & Info

Description

The property consists of a 12 unit apartment building which is comprised of 10-2 Bedroom and 2-1Bedroom apartments. The offering presents investors an opportunity to acquire a low-maintenance, 12-unit property with below market rents. The building is entirely electric which the tenants are responsiblefor. 80% of the tenants are month to month giving the new buyer the opportunity to increase rents. Most recent leases July 2021 are close to $1400 for a 2 bedroom. The new buyer can create significant valueRecent updates include:? New Kitchens and Baths (11 / 12 Units)? New LED Lighting? New Windows & Sliding Glass Doors? New Ultra-High Efficiency Hot Water Heaters

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© 2021 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than Dave T Team @ RE/MAX Central are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or Dave T Team @ RE/MAX Central. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2021-09-19T18:37:31.98.
www.davetteam.com/homes/120025642
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855 Providence Street West Warwick, RI 02893

  • Price: $1,750,000
  • Status: Active
  • Updated: 78 min ago
  • MLS #: 1290103
0
Beds
0
Baths
0
½ Baths
0.28
Acres
10,258
SQFT
$171
$/SQFT
1975
Built
County:
Kent
Area:
West Warwick
Property Description
The property consists of a 12 unit apartment building which is comprised of 10-2 Bedroom and 2-1Bedroom apartments. The offering presents investors an opportunity to acquire a low-maintenance, 12-unit property with below market rents. The building is entirely electric which the tenants are responsiblefor. 80% of the tenants are month to month giving the new buyer the opportunity to increase rents. Most recent leases July 2021 are close to $1400 for a 2 bedroom. The new buyer can create significant valueRecent updates include:? New Kitchens and Baths (11 / 12 Units)? New LED Lighting? New Windows & Sliding Glass Doors? New Ultra-High Efficiency Hot Water Heaters
Exterior Features

Fencing Fenced Foundation Details Combination Levels Three Or More Parking Total 19

Interior Features

Basement None Basement YN No Cooling 1 UnitWall Unit(S) Heating Baseboard

Property Features

Association Fee 0 Business Type Residential Community Features GolfHighway AccessMarinaNear HospitalNear SchoolsPublic TransportationRecreation AreaShoppingTennis Court(S) Electric 100 Amp Service Land Lease YN No Laundry Features Common AreaLaundry Room Operating Expense 0 Owner Pays Common Area MaintenanceExterior MaintenanceInsuranceRepairsRoof MaintenanceSewerTaxesTrash CollectionWater Property Sub Type Commercial Road Frontage Type City Street Road Surface Type AsphaltPaved Sewer ConnectedPublic Sewer Tax Annual Amount 21948 Tax Assessed Value 650000 Tax Lot 154 Tax Year 2020 Tenant Pays Cable TvElectricityHeatHot Water Utilities Cable AvailableElectricity AvailableNatural Gas AvailableMunicipal UtilitiesWater ConnectedSewer Connected Water Source ConnectedPublic Zoning C1

Listing information © 2021 State-Wide Multiple Listing Service.
Listing provided courtesy of Residential Properties Ltd..





© 2021 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than Dave T Team @ RE/MAX Central are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or Dave T Team @ RE/MAX Central. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2021-09-19T18:37:31.98.
 
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Dave T Team @ RE/MAX Central
37 Sandy Bottom Rd
Coventry RI, 02816