$815,000

House for sale West Warwick
Property photo number 1 of 16 Photos for Property. File  105109133_29_7ac01e6068093857cba44e580faad9eb.jpeg

Overview

SUMMARY: Discover an opportunity with this West Warwick house for sale and available for $815,000. This could be your next ideal home or a smart investment. More details await.
Exceptional opportunity to acquire a fully occupied, lead-certified four-unit multifamily property with strong in-place cash flow and significant recent improvements. All four units feature 2 bedrooms and 1 bathroom, generating approximately $7,500 per month ($90,000 annually)
in gross rental income. 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. The property is equipped with a commercial fire alarm system that has been recently tested and certified, providing peace of mind for investors. Heating systems include a combination of forced hot air and boiler heat, with tenants responsible for their own heating expenses. Designed with efficiency in mind, the building offers minimal common area and excellent rentable square footage utilization. Situated on a large lot, the property also benefits from ongoing neighborhood investment, including a new townhome development currently under construction just down the street on Harris Avenue. A turnkey investment opportunity offering strong current returns, low-maintenance ownership, and long-term upside.
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Details

  • Beds: 8
  • Baths: 4
  • Price: $815,000
  • Area: 2,979 sqft

Location

Marketed by:

  • Listing Manager
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