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Kazantzis Real estate, LLC
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
Fully occupied, lead-certified four-unit investment property generating approximately $7,700 per month ($92,400 annually) in gross rental income. All four units feature 2 bedrooms and 1 bathroom, offering a strong and consistent unit mix with established in-place income. Designed for efficient ownership, tenants are responsible for their own heating expenses, while minimal common areas maximize rentable square footage. Significant 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, helping reduce near-term capital needs. The property is also equipped with a recently tested and certified commercial fire alarm system. Heating systems include a combination of forced hot air and boiler heat. Set on a large lot with ample off-street parking, this property offers an attractive combination of strong current income, low-maintenance ownership and long-term upside. Conveniently located near shopping, dining, highways and area amenities, with continued investment and development occurring nearby. A turnkey opportunity to acquire a stabilized four-unit asset with strong cash flow and substantial improvements already completed.
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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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