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Browse More Listings in Multifamily For Sale, Westerly, RI or Rhode Island

Multifamily Property For Sale

West St- potential condo conversion

13 West St, Westerly, RI 02891

Welcome tow 13 West St, MF and Guest Cottage

Price:
$325,000
No. Units:
3
Building Size:
3,000 SF
Price/Unit:
$108,333.33
Property Type:
Multifamily
Property Sub-type:
Duplex/ Triplex/ Fourplex
Property Use Type:
Investment
Cap Rate:
10%
Gross Rent Multiplier:
5
Occupancy:
100%
No. Stories:
3
Year Built:
1920
Lot Size:
0.20 SF
Tax ID / APN #:
47-33
Parking Ratio:
6 / 1,000 SF
Find Out More...

Last Verified 11/1/2009 Listing ID 16454349

Highlights

Rate of return on equity 10%!
13 Rooms, 9 bedrooms, 5 baths, $3400 a month!
Condo conversion in progress

New Oil furnace, windows, 3 heating systems

Description

2 Buildings on one lot, 2 car garage, new roof, new furnance, new energy efficient windows, renovated 2nd and 3rd floor, remodeled kitchen, new bath, new chimney liners and insulation. Farmers porch, walk to town, train, shopping and quaint eateries. Condo conversion in process. 3 BR Guest cottage and 2 family home with 6 bedroom's on 1 lot. Great family compound!

Near downtown Westerly, walk to train, shopping, laundry, coffee shops, and quaint eateries. Minutes to Rt 78, I-95 and 15 mins. to the casino. Great location. Good income.

Attachments

Enhanced Listing Web Site

Financial Summary

Unit Mix Information

Actual
Year
2009
Scheduled Gross Income
$408,000
Operating Expenses
$6,000
Net Operating Income
$32,500

Description	No. Units	Avg. Mo. Rent	Sq. Ft.
Guest Cottage	1	$1,200	1,300
Multi family house 1st floor	2	$1,200	1,200
Second and third floor	1	$1,000	1,000

Map of 13 West St, Westerly, RI 02891 (Washington County)

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Presented by

Coldwell Banker Cahoone Realtors

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Contact Listing Broker

Sandy Bliven (401) 286-2571

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Created 11/1/2009

Additional Information for 13 West Street, Westerly, RI 02891

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 0 RecentSales Record

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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Multifamily Property For Sale - West St- potential condo conversion

13 West St, Westerly, RI, 02891