NOT LISTED FOR SALE

1076 Main St West Warwick, RI 02893

West Warwick Centre Neighborhood
12 Beds
4 Baths
4,760 Sq Ft
10,018 Sq Ft Lot

Last Sold May 14, 2021

Last sale price $385,000 $81 Per Sq Ft

41 Days on Market

Highlights

  • Attic
  • Cooling Available
  • Storage Room
  • Workshop
  • Bathtub with Shower
  • Baseboard Heating

About This Home

As of May 2021

INVESTORS - looking for a high-yielding, turnkey investment property and a significant rate of return? This 12 bedroom, four unit building is fully rented, has a hard-wired fire alarm system, assigned parking for 8+ cars, coin-op laundry and storage units in the basement. The layout consists of two, five bedroom townhouses (2nd and 3rd floors) and two, one bedroom units on the first floor. The townhouse rents are below market value and the units do need some TLC but the tenants are longstanding. The owners have kept up with routine maintenance over the years including a young high-efficiency heating system and have a great rental history. It's time for these owners to cash out of their cash cow and turn the keys over - act fast, opportunities like this are hard to come by.

Last Agent to Sell the Property

Jill Weathers

Williams & Stuart Real Estate License #RES.0030821 Listed on: 03/03/2021

Last Buyer's Agent

Michelle Pacheco

RE/MAX Real Estate Center License #RES.0042329

RE/MAX Real Estate Center

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,098

Year Built

  • Built in 1920

Lot Details

  • 10,018 Sq Ft Lot
  • Paved or Partially Paved Lot

Home Design

  • Aluminum Siding
  • Plaster

Interior Spaces

  • 4,760 Sq Ft Home
  • 3-Story Property
  • Workshop
  • Storage Room
  • Attic

Kitchen

  • Oven
  • Range

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 4 Full Bathrooms
  • Bathtub with Shower

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Parking

  • 9 Parking Spaces
  • No Garage
  • Driveway

Utilities

  • Cooling Available
  • Heating System Uses Gas
  • Baseboard Heating
  • 100 Amp Service
  • Water Heater

Listing and Financial Details

  • Tax Lot 66
  • Assessor Parcel Number 1076MAINSTWWAR

Community Details

Overview

  • 4 Units
  • Artic Subdivision

Building Details

  • Operating Expense $11,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,098

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.23
  • Subdivision Name: ARTIC
  • Above Grade Finished Sq Ft: 4760.0
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Apartment
  • Year Built: 1920
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Appliances: Oven, Range, Refrigerator, Water Heater
  • Has Basement: Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 12
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Other
  • Interior Amenities: Attic, Tub Shower
  • Dining Room Type: Storage Room, Workshop
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Paved
  • Construction Type: Drywall, Plaster, Aluminum Siding
  • Exterior Features: Paved Driveway
  • Foundation Details: See Remarks

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 9.0

Utilities

  • Laundry Features: Common Area
  • Cooling: 1 Unit
  • Cooling Y N: Yes
  • Heating: Baseboard, Gas
  • Heating Yn: Yes
  • Electric: 100 Amp Service, Circuit Breakers
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 10018.0
  • Parcel #: 1076MAINSTWWAR
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 4
  • Annual Operating Expense: 11000.0

Tax Info

  • Tax Annual Amount: 6098.0
  • Tax Lot: 66
  • Tax Year: 2020

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/14/2021 05/14/21 Sold $385,000 -3.7% $81 / Sq Ft
04/14/2021 04/14/21 Pending -- -- --
03/03/2021 03/03/21 For Sale $399,900 -- $84 / Sq Ft
Source: State-Wide MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2021

    Jill Weathers

    Williams & Stuart Real Estate

    (401) 749-5414

    3 in this area

    13 Total Sales

    Jill Weathers
    Section Image
  • Michelle Pacheco

    Buyer's Agent in 2021

    Michelle Pacheco

    RE/MAX Real Estate Center

    (401) 626-6243

    3 in this area

    64 Total Sales

    Michelle Pacheco
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1276544

State-Wide MLS
Rhode Island Kent County West Warwick 02893 West Warwick Centre

1076 Main St, West Warwick, RI

This home is located at 1076 Main St, West Warwick, RI 02893 since 03 March 2021. This property was built in 1920. 1076 Main St is a home located in Kent County with nearby schools including West Warwick High School, Islamic School of Rhode Island, and St Joseph School.

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