130 Water St - Apartments FOR SALE


Warren, RI 02885
$1,800,000 USD
401-479-6233
130 Water St, Warren, RI for Sale
$1,800,000 USD
Apartments - FOR SALE
1/46
null | 7.2% Cap Rate

130 Water St
Warren, RI 02885


OVERVIEW

Legal 8-Unit multifamily in Warren with strong NOI and very low expenses. The property has been fully updated and features separate utilities serving up to 10 units. One legal unit is currently vacant, allowing a new owner to place their own tenant. Additional space on the 2nd floor for expansion opportunities on some existing units. All section 8 tenants. Seller replaced almost all appliances, meters, sprinklers, and fully renovated units.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$392 USD /SF

# OF UNITS

8

PRICE/UNIT

$225,000

CAP RATE

7.2%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

8 Unit Warren 7.2 Cap!

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,920 SF

ZONING

VB

APN/PARCEL ID

WARR-000002-000000-000141

ASK ABOUT THIS PROPERTY

Robert FoxNAI AdvisorsMore Info
401-479-6233

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Robert FoxNAI AdvisorsMore Info
401-479-6233

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.