Active
1 Ferreira Ct
West Warwick RI, 02893
$899,000
$174.50 per sqft
Active
10 Beds
6 Baths
5,152 sqft
Multi-family
Built in 1989
Don't miss out on this extremely rare opportunity to own a 6-Unit Multi that holds incredible potential for the right investor, developer, or buyer! These two separate properties, located on the same lot, consist of Two (2 Bdrm/1 Bath) and One (1 Bdrm/1 Bath) each, making it a total of 6 units. There is currently one very sizable storage area for each property, which can easily be converted into an additional unit, to renovate into 8 total units. Current rents are right under $100k, but all are well under market rate and possess tremendous upside. Plenty of desired parking, as 14 total spaces are available. Gain additional income through coin-op washing machines in each basement. Landlord pays for all utilities, excluding wifi/cable, so separating each utility lines would also be a viable option for the new owner. Time to put your creativity to use, as there are abundant ways to max out your potential earnings with this absolute gem.
73325036
MLSⓇ ID
January 10, 2025
Listed
February 20, 2025
Updated
Interior Features
Total Stories
9
Bedrooms
10
Total Bathrooms
6
Full Bathrooms
6
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.57 Acres
Roof
Shingle
Sewer
Public Sewer
Patio And Porch
Deck - Wood
Other Property Details
Taxes
$14,974
Tax Frequency
Annually
Days on Market
8
Garage
No
Parking
Paved Drive, Common
Parking Total
14
View
No
County
Kent
Water Source
Public
Pool
No
Zoning
R-6
Listing History
Date | Event | Price |
|---|---|---|
1/15/2025 | Price change | $899,000 -6% |
Courtesy of Won Ra, Premier Realty Group
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Data last updated 7:23 PM UTC, 2/20/2025
