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8 Unit Warren 7.2 Cap! 130 Water St 8 Unit Apartment Building $1,800,000 ($225,000/Unit) 7.20% Cap Rate Warren, RI 02885
Executive Summary
Legal 8-Unit multifamily in Warren with strong NOI and very low expenses. The property has been fully updated and features separate utilities serving up to 10 units. One legal unit is currently vacant, allowing a new owner to place their own tenant. Additional space on the 2nd floor for expansion opportunities on some existing units. All section 8 tenants.
Seller replaced almost all appliances, meters, sprinklers, and fully renovated units.
Seller replaced almost all appliances, meters, sprinklers, and fully renovated units.
Property Facts
| Price | $1,800,000 | Apartment Style | Low-Rise |
| Price Per Unit | $225,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.09 AC |
| Cap Rate | 7.20% | Building Size | 4,595 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | VB - Apartment | ||
| Price | $1,800,000 |
| Price Per Unit | $225,000 |
| Sale Type | Investment |
| Cap Rate | 7.20% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 4,595 SF |
| No. Stories | 2 |
| Year Built | 1900 |
| Opportunity Zone |
Yes |
| Zoning | VB - Apartment |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | WARR-000002-000000-000141 | Improvements Assessment | $499,500 |
| Land Assessment | $110,800 | Total Assessment | $610,300 |
Property Taxes
Parcel Number
WARR-000002-000000-000141
Land Assessment
$110,800
Improvements Assessment
$499,500
Total Assessment
$610,300
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8 Unit Warren 7.2 Cap! | 130 Water St
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