1055 main street West Warwick, RI 02893

GREAT OPTION FOR OWNER/OCCUPANT WITH A PRIVATE 2 LEVEL UNIT. PRIVATE ENTRANCE AND SEPARATE BASEMENT WITH SEPARATE UTILITIES FOR OWNER. MANY POSSIBILITIES WITH THIS PROPERTY. COULD SELL 1 PARCEL TO NEIGHBOR TO LOWER THE PURCHASE PRICE. Current Annual Rental income $79,800. 8.9% Cap. 6 unit & 7 garages. 3 parcels included in sale. Plat 4, lots 163, 294,and 85. Lot 163 is 1055 Main Street consisting of a legal 6 unit renovated in the 1980's. Lot 294 is 9 Youngs Ave and has a 7 bay garage. Lot 85 is also 9 Youngs Ave and has a stand alone 2 bay garage. 1055 Main Street is well maintained. Garages are separate with no water or electricity. 6 Unit has been well maintained. Two heating systems and natural gas is available to convert. Tenants pay electric and landlord pays heat for 4 units. Building consists of 3-1 bedroom units and 3-2 bedroom units. All tenants are on leases. Landlord utilizes 2 garage bays while the other 7 are leased month to month. Sewer assessment is paid in full, roof on the six unit has been replaced in 2019. Building is fire alarmed and inspected annually. 1055 Main is zoned business, 9 Youngs is zoned R-8.


Property Details

MLS#
1214580
Type
Commercial
County
Kent
Neighborhood
Riverpoint
Year Built
1860
Lot Size
19,293 Sq Ft
Taxes
$11,320
Tax Year
2018

Additional Details


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West Warwick

West Warwick has a long history as a thriving mill town, and has managed to transform with the times while still preserving some of its heritage and traditions. Among these local gatherings are the longstanding celebrations of St. Patrick's Day and the Portuguese Holy Ghost Festival.


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The real estate data on this web site comes in part from the IDX Program of the State-Wide Multiple Listing Service, Inc. The 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. Information deemed reliable but not guaranteed. Copyright© 2019 State-Wide MLS, Inc. All rights reserved. Data last updated 07/17/19.

LISTED BY: KELLER WILLIAMS REALTY

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