32 Harris Avenue, West Warwick, RI 02893
- $815,000
- 8
- BD
- 4
- BA
- List Price
- $815,000
- Status
- ACTIVE
- MLS#
- 1416180
- Year Built
- 1910
- Style
- Stacked, Side By Side
- Bedrooms
- 8
- Bathrooms
- 4
- Acres
- 0.40
- Subdivision
- West Warwick
Property Description
Exceptional opportunity to acquire a fully occupied, lead-certified four-unit multifamily property with strong in-place cash flow and significant recent improvements. All four units feature 2 bedrooms and 1 bathroom, generating approximately $7,500 per month ($92,400 annually) in gross rental income. Recent capital improvements include a new roof, two new driveways, new rear porches, four new hot water heaters, updated kitchens and bathrooms, and replacement windows. The property is equipped with a commercial fire alarm system that has been recently tested and certified, providing peace of mind for investors. Heating systems include a combination of forced hot air and boiler heat, with tenants responsible for their own heating expenses. Designed with efficiency in mind, the building offers minimal common area and excellent rentable square footage utilization. Situated on a large lot, the property also benefits from ongoing neighborhood investment, including a new townhome development currently under construction just down the street on Harris Avenue. A turnkey investment opportunity offering strong current returns, low-maintenance ownership, and long-term upside.
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Additional Information
- Taxes
- $7,024
- Lot Size
- 17,424
- Interior Features
- Interior Steps, Tub Shower
- Flooring
- Ceramic Tile, Hardwood, Other, Vinyl
- Heating
- Baseboard, Forced Air, Propane, Oil
- Cooling System Type
- None
- Sewer
- Connected, Public Sewer
- Water Source
- Connected, Public
- Appliances
- Dishwasher, Electric Water Heater, Gas Water Heater, Oven, Range
- Basement
- Full, Interior Entry, Unfinished
- Exterior Features
- Paved Driveway
- Parking Spaces
- 8
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