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1051 Main St
West Warwick, RI 02893
Multifamily Property For Sale
·
6 Units
PROPERTY FACTS
| No. Units | 6 | Building Size | 4,632 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Townhome | Year Built/Renovated | 1860/1980 |
| Building Class | C | Parking Ratio | 1.94/1,000 SF |
| Lot Size | 0.27 AC | ||
| Zoning | B-R - B & R-8 | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 4,632 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1860/1980 |
| Parking Ratio | 1.94/1,000 SF |
| Zoning | B-R - B & R-8 |
AMENITIES
UNIT AMENITIES
- Cable Ready
- Heating
- Eat-in Kitchen
- Hardwood Floors
- Refrigerator
- Tub/Shower
- Yard
- Basement
SITE AMENITIES
- Picnic Area
- Laundry Service
- Recycling
- Trash Pickup - Curbside
- Wi-Fi
- Bicycle Storage
- Public Transportation
ABOUT 1051 MAIN ST , WEST WARWICK, RI 02893
3 parcels included in sale. Plat 4, lots 163, 294,and 85. Lot 163 is 1055 Main Street consisting 6 unit(all units legal) 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. Boiler 2012, 2016, Hot water heater 2016. 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, up to code and inspected annually. 1055 Main is zoned business, 9 Youngs is zoned R-8. Current Annual Rental income $79,800
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 3 | $957.50 | - |
| 2+1 | 3 | $957.50 | - |
PROPERTY TAXES
| Parcel Number | WWAR-000004-000163-000000 | Improvements Assessment | $514,700 |
| Land Assessment | $104,900 | Total Assessment | $619,600 |
PROPERTY TAXES
