REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 899,000
Est. payment /mo
Price Dropped by $50K
1 Ferreira Ct West Warwick, RI 02893
10 Beds
6 Baths
5,152 SqFt
UPDATED:
01/18/2025 08:05 AM
Key Details
Property Type Multi-Family
Sub Type 5-9 Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,152 sqft
Price per Sqft $174
MLS Listing ID 73325036
Bedrooms 10
Full Baths 6
Year Built 1989
Annual Tax Amount $14,974
Tax Year 2024
Lot Size 0.570 Acres
Acres 0.57
Property Sub-Type 5-9 Family
Property Description
Don't miss out on this extremely rare opportunity to own a 6-Unit Multi that holds incredible potential for the right investor, developer, or buyer! These two separate properties, located on the same lot, consist of Two (2 Bdrm/1 Bath) and One (1 Bdrm/1 Bath) each, making it a total of 6 units. There is currently one very sizable storage area for each property, which can easily be converted into an additional unit, to renovate into 8 total units. Current rents are right under $100k, but all are well under market rate and possess tremendous upside. Plenty of desired parking, as 14 total spaces are available. Gain additional income through coin-op washing machines in each basement. Landlord pays for all utilities, excluding wifi/cable, so separating each utility lines would also be a viable option for the new owner. Time to put your creativity to use, as there are abundant ways to max out your potential earnings with this absolute gem.
Location
State RI
County Kent
Zoning R-6
Direction GPS.
Rooms
Basement Partial
Exterior
Roof Type Shingle
Total Parking Spaces 14
Garage No
Building
Story 9
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Others
Senior Community false
Listed by Premier Realty Group