Property Description
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.
Overview
Property Type
Multi-family
Location
32 Harris Avenue, West Warwick, RI 02893
Year Built
1910
Zoning
R-8
MLS ID
1416180
Listing Last Updated
Property Features & Amenities
Interior
Total Bedrooms
8
Full Bathrooms
4
Flooring
Ceramic Tile, Hardwood, Other, Vinyl
Laundry Room
Common Area
Fireplace
None
Appliances
Dishwasher, Electric Water Heater, Gas Water Heater, Oven, Range
Other Interior Features
Interior Steps, Tub Shower
Exterior
Stories
2
Water Source
Connected, Public
Utilities
Sewer Connected
Parking
No Garage
Heat Type
Baseboard, Forced Air, Propane, Oil
Air Conditioning
None
Sewer
Connected, Public Sewer
Substructure
Concrete Perimeter
Other Exterior Features
Paved Driveway
Details
Total Area
2,979 Sq.Ft.
Architecture Styles
Stacked, Side By Side
Financial
Price
$815,000
Real Estate Tax
$7,024/yr
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