For more information regarding the value of a property, please contact us for a free consultation.
71 West Warwick AVE West Warwick, RI 02893
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $845,000
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision Centerville
MLS Listing ID 1297179
Sold Date 11/30/21
HOA Y/N No
Year Built 1955
Annual Tax Amount $17,021
Tax Year 2021
Lot Size 0.344 Acres
Acres 0.344
Property Description
Exceptionally well maintained 9 Unit multi family property in Centerville! The owner has occupied one of the units since 1977, and pride of ownership is evident throughout. The property is comprised of two buildings. One building, built in 1955, has 6 two bedroom townhouse style apartments. The other building, built around 1900, has 2 two bedroom units, and 1 efficiency / studio apartment. Heat and hot water are common to all of the units, supplied by a gas fired boiler. Owner pays heat, hot water, and common electric (for the onsite laundry room, etc.), tenants pay individual electric service for each unit. All units are occupied, and all tenants are currently month to month, with no leases. All of the current rents are below market rate. The owners gross income is based upon higher proposed market value rents. A complete analytical breakdown is available, together with current rental income and expense documentation.
Location
State RI
County Kent
Community Centerville
Rooms
Basement Full
Interior
Heating Baseboard, Gas, Hot Water, Zoned
Cooling None
Furnishings Unfurnished
Laundry Common Area
Exterior
Utilities Available Cable Available, Electricity Available, Fiber Optic Available, Natural Gas Connected, Municipal Utilities, Sewer Connected, Water Connected
Street Surface Asphalt
Total Parking Spaces 16
Building
Lot Description Corner Lot
Story 2
Foundation Concrete Perimeter
Sewer Connected, Sanitary
Water Connected, Public
Level or Stories 2
Structure Type Frame,Masonry
New Construction No
Others
Tax ID 71WESTWARWICKAVWWAR
Security Features Firewall(s)
Acceptable Financing Lease Back
Listing Terms Lease Back
Financing Cash
Read Less
© 2024 State-Wide Multiple Listing Service. All rights reserved.
Bought with RE/MAX Professionals