855 Providence Street
855 Providence Street West Warwick, Rhode Island 02893 United States

$1,750,000
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Listing Courtesy of Residential Properties Ltd.
$1,750,000
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.28 Acres
Exterior
Commercial
Property type
1975
Year Built
1290103
Web Id
1290103
MLS ID
West Warwick
School District
43
days ago

About 855 Providence Street

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

PROPERTY INFORMATION

Cooling
Individual Unit, Wall Unit
Heating
Baseboard
Location
Suburban
Sewer
Connected, Municipal
Water
Connected, Municipal
Listing Courtesy of Residential Properties Ltd.
Listing Courtesy of Residential Properties Ltd.
Advertiser Logo
Listing Courtesy of Residential Properties Ltd.
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