1051 - 1055 Main St

    West Warwick, RI 02893
    • $535,000
    • STATUS: Active
    • ON SITE: 117 days
    • MLS #: 1214580
    Price Reduced
    UPDATED: 30 min ago
    $535,000
    • 0
      BEDS
    • 0.44
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1860
    County:
    Area:

    School Ratings & Info

    Description

    100% occupied. 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.

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    © 2019 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than The Martone Group are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or The Martone Group. 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. Data last updated: 2019-06-26T23:37:32.687.
    www.martonegroup.com/homes/92238605

    1051 - 1055 Main St West Warwick, RI 02893

    • Price: $535,000
    • Status: Active
    • Updated: 30 min ago
    • MLS #: 1214580
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.44
    Acres
    1860
    Built
    Neighborhood:
    Riverpoint
    County:
    Kent
    Area:
    West Warwick
    Property Description
    100% occupied. 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.
    Exterior Features

    Building Frame Foundation Type Stone Location Free StandingSuburban Onsite Parking Spaces 8 Road Black TarMunicipal Site CornerSidewalks Type Commercial

    Interior Features

    Basement Type Partial Ceiling Height 7-9 Ft Heating System BaseboardCentral HeatOther HeatSteam Loading Door None Number Of Levels 2

    Property Features

    Adult Community YN No Assessment 300700.0000 Electric 100 Amps220 VoltsCircuit BreakerIndividual Meter Elevation Certificate No Gas Available Green Construction YN No Historic None Multi Family Mixed Use Type Multi 5Plus Near BusHospitalShopping Number Of Efficiencies 0 Occupancy Close Negotiable Owner Expenses 29679.0000 Owner Pays HeatSewerSnow RemovalTaxesWater Owners Gross Income 79800 Pl Statement No Present Use Rented Real Estate Taxes 11320.0000 Real Estate Taxes Yr 2018 Reo Or Bank Owned No Sewer Connected Short Sale No Subsidized Housing No Tenant Pays Electric Total Units In Complex 0 Under Construction No Unit Count 0 Unit Total Rent 0 Utilities Cable TvElectricGas AvailableStreet LightsTelephone Vacancy Rate 0 Water Supply Connected Zoning B-R

    Listing information © 2019 State-Wide Multiple Listing Service.
    Listing provided courtesy of Keller Williams Realty.





    © 2019 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than The Martone Group are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or The Martone Group. 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. Data last updated: 2019-06-26T23:37:32.687.
     
    The Martone Group
    696 Douglas Pike
    Smithfield RI, 02917