41.721916 -71.49058

7 River Street West Warwick, RI 02893

300178157 41.721916 -71.49058 136 /listing/300178157-151034946/7-river-street-west-warwick-ri-02893 False 0 525000.0 3600 101 0 1289380 False
  • $525,000
  • 0 ba
  • 3,600 sqft
  • 7771.00 Square Feet lot
  • Est payment $2818.31/mo

Property & Neighborhood Info

Courtesy Of HomeSmart Professionals

Commercial in West Warwick

INVESTORS, youll notice pride in ownership right away on this UNIQUE 6-unit MFM rental property SIX (6) large, bright, clean 1-bedroom units w/private entrances, each w/ big decks overlooking the water all consistently fully rented with great tenants! Great curb appeal and well-maintained w/ updates through the years. No smoking and no pets. Excellent location on Warwick line, 2-3 minutes to 95, CCRI and malls. Each unit has a large kitchen, living room, bedroom, full bath, ceiling fans, AC and deck. Private and very peaceful. Upper two units have skylights. All units have their own separate utilities. Gas heat, gas hot water tanks for each unit. 8-spot parking lot provides all tenants with space plus on-street parking allowed (even overnight). Convenient Coin-Op laundry room in basement. Commercial fire alarm inspected semi-annually. Municipal water & sewer with no assessments outstanding. Anderson windows, vinyl siding, low maintenance. Tenants pay utilities incl HW, electric, gas and internet/cable. Owner pays water. GREAT RENTAL INCOME/CASH FLOW. Currently $5165 MONTHLY INCOME (RENTS & COIN-OP) with below market rents.CROSS-LISTED - please see MFM Listing MLS #1289376 (BACK ON MARKET AFTER BUYER FINANCING FELL-THROUGH)

Courtesy Of HomeSmart Professionals
  1. 0 Baths
  2. 3,600 Sq. Ft.
  3. 7771.00 Square Feet Lot

Main Features

  • Listing Status: Active
  • Year Built: 1920
  • Floors: 3
  • County: Kent
  • Taxes: $10,673.00
  • Tax Year: 2021
  • Units: 6
  • Zoning: R6
  • Subdivision: NATICK
  • MLS Number:1289380

Additional Features

  • Cooling:
    • Item1Unit
    • WallUnits
  • Furnished:
    • Unfurnished
  • Construction Materials:
    • Pre-Cast Concrete
  • Property Sub Type:
    • Commercial
  • Property Type:
    • Commercial Sale
  • View:
    • Water
  • View YN:
    • Y
  • Basement:
    • Full
  • Electric:
    • CircuitBreakers
    • Item100AmpService
  • Heating:
    • Baseboard
    • Gas
    • Individual
  • Sewer:
    • Connected
    • PublicSewer
    • Sanitary
  • Utilities:
    • CableAvailable
    • ElectricityAvailable
    • MunicipalUtilities
    • NaturalGasAvailable
    • NaturalGasConnected
    • PhoneAvailable
    • SewerConnected
    • WaterConnected
  • Community Features:
    • Golf
    • HighwayAccess
    • NearHospital
    • NearSchools
    • PublicTransportation
    • RecreationArea
    • Shopping
    • Sidewalks
    • StreetLights
    • TennisCourts
    • Waterfront
  • Possible Use:
    • MultiFamily
    • Residential
  • Documents Available:
    • Aerial
  • Tenant Pays:
    • AirConditioning
    • CableTV
    • Electricity
    • Gas
    • Heat
    • HotWater
    • Telephone
  • Above Grade Finished Area:
    • 3600.0
  • Basement YN:
    • True
  • Cooling YN:
    • Y
  • Electric Expense:
    • 600.0
  • Financial Data Source:
    • Property Manager
  • Foundation Details:
    • ConcretePerimeter
    • Stone
  • Frontage Length:
    • 73
  • Fuel Expense:
    • 600.0
  • Gross Income:
    • 41635.0
  • Heating YN:
    • Y
  • Human Modified YN:
    • True
  • Insurance Expense:
    • 4800.0
  • Land Lease YN:
    • N
  • Laundry Features:
    • CommonArea
    • LaundryRoom
  • List Agent AOR:
    • RhodeIslandStateWideMLS
  • List Agent State License:
    • RES.0044880
  • List AOR:
    • RhodeIslandStateWideMLS
  • Listing Agent License Number:
    • RES.0044880
  • Listing Agreement:
    • Exclusive Right To Sell
  • List Office AOR:
    • RhodeIslandStateWideMLS
  • List Office Email:
    • broker@hsprofessionalsrealestate.com
  • Lot Size Acres:
    • 0.18
  • Lot Size Units:
    • Square Feet
  • New Construction YN:
    • N
  • Number Of Buildings:
    • 1
  • Number Of Units In Community:
    • 6
  • Number Of Units Leased:
    • 6
  • Owner Pays:
    • CommonAreaMaintenance
    • ExteriorMaintenance
    • GroundsCare
    • HVACMaintenance
    • Insurance
    • Management
    • PestControl
    • Repairs
    • RoofMaintenance
    • Sewer
    • SnowRemoval
    • Taxes
    • TrashCollection
    • Water
  • Parking Total:
    • 8.0
  • Possession:
    • Immediately
  • Property Attached YN:
    • Y
  • Road Frontage Type:
    • City Street
  • Road Surface Type:
    • Asphalt
    • Paved
  • Security Features:
    • CarbonMonoxideDetectors
    • FireAlarm
    • SmokeDetectors
  • Sign On Property YN:
    • Y
  • Structure Type:
    • Multi Family
  • Tax Assessed Value:
    • 307600
  • Tax Lot:
    • 47
  • Trash Expense:
    • 1200.0
  • Water Sewer Expense:
    • 2462.0
  • Water Source:
    • Connected
    • Public
  • Year Established:
    • 1920
  • Years Current Owner:
    • 14
Neighborhood info courtesy of Homes.com © 2021

What's My Mortgage?

$38,769.95*
*Estimated monthly payment is a starting point to help assist you with your home search. To find out more about mortgage pre-qualification, click here.
Homistic Real Estate, Inc.
Homistic Real Estate, Inc.
(401) 432-7227
681 Park Ave. Ste.23 Cranston RI 02910
no name available Homistic Real Estate, Inc.
Let us help you!
41.721916 -71.49058

7 River Street West Warwick, RI 02893

300178157 41.721916 -71.49058 136 /listing/300178157-151034946/7-river-street-west-warwick-ri-02893 False 0 525000.0 3600 101 0 1289380 False
  • $525,000
  • 0 ba
  • 3,600 sqft
  • 7771.00 Square Feet lot
  • Est payment $2818.31/mo