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Welcome to 220 Washington Street, a six-unit multifamily property offering an attractive opportunity for investors seeking reliable cash flow. Featuring a desirable mix of one-, two-, and three-bedroom apartments, the current monthly rents total $9,060, providing $108,720 in scheduled gross annual rental income. All tenants are on month to month leases with excellent payment history. Some rents are below market, giving the buyer immediate value-add potential. Two fully renovated apartments feature dishwashers, microwaves, and in-unit laundry, while four classic apartments have had some updates and enjoy access to a shared coin-operated washer and dryer, offering added convenience for tenants and potential supplemental income. Tenants pay their own electricity, while gas is paid by the owner. Within the last five years a full roof replacement was performed, new electrical service and panels installed, and new AO Smith water heater installed. The modern Buderus cast iron gas boiler was professionally serviced prior to this heating season, ensuring reliability. Conveniently located with access to local shopping, dining, services, and major commuting routes, 220 Washington offers the potential to build on existing income while exploring future value-add opportunities. Don't miss this opportunity to own a solid six-unit multifamily property in the desirable Arctic village of West Warwick! Contact us today for additional information and to schedule a showing.

1426001 MLS

220 Washington Street, West Warwick

$249,900

Great West Warwick Commercial Opportunity! Don't miss this unique opportunity to own an approximately 1,020 SF commercial building on approximately 5,053 SF of land in a convenient West Warwick location. Currently operating as an established shoe and leather repair business, this property offers an excellent opportunity for an owner-user, investor, or entrepreneur seeking an affordable commercial location. The current tenant is willing to remain, providing an opportunity for an investor to retain an established tenant and rental income or it does have 2 entry doors, 2 baths & a wall for separation, an owner-user could potentially occupy half of the building while renting the other half, subject to an acceptable arrangement and applicable zoning requirements. The State Code is 05 - Comm 1 and Town is R-6 zoning, this provides for a variety of potential residential and service-related uses, subject to zoning requirements and Town approval. The property has an opportunity for a new owner to improve the site and explore a more formal parking configuration. Whether continuing the existing business, establishing another permitted use, occupying a portion of the building while generating income from the remaining space, or exploring future possibilities, this property offers flexibility and potential. Buyer and buyer's agent to verify all zoning, permitted uses, parking requirements, dimensions, rental/occupancy arrangements, and development potential with the Town of West Warwick.

1420428 MLS

100 Archambault Avenue, West Warwick

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