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1 Ferreira Ct

West Warwick, RI 02893
  • $899,000
  • STATUS: Active
  • MLS #: 73325036
UPDATED: 55 min ago
$899,000
  • 10
    BEDS
  • 0.57
    ACRES
  • 6
    BATHS
  • 0
    1/2 BATHS
  • 5,152
    SQFT
  • $174
    $/SQFT
Type:
Multi-Family
Built:
1989
County:

School Ratings & Info

Listing courtesy of Won Ra of Premier Realty Group.

Description

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.

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2025-02-09T09:03:55.763.
www.gillachgroup.com/homes/159341263
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1 Ferreira Ct West Warwick, RI 02893

  • Price: $899,000
  • Status: Active
  • On Site: Days
  • Updated: 55 min ago
  • MLS #: 73325036
10
Beds
6
Baths
0
½ Baths
0.57
Acres
5,152
SQFT
$174
$/SQFT
1989
Built
County:
Kent
Property Description
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.
Exterior Features

Covered Spaces 0 Garage YN No Open Parking YN Yes Parking Features Paved DriveCommon Parking Total 14 Patio And Porch Features Deck - Wood Roof Shingle Spa YN No Waterfront YN No

Interior Features

Basement Partial Building Area Total 5152 Fireplace YN No Fireplaces Total 0 Foundation Details Concrete Perimeter Lead Paint None Rooms Total 22

Property Features

Gross Income 97200 Home Warranty YN No Net Operating Income 67868 Operating Expense 29332 Property Sub Type 5-9 Family Senior Community YN No Sewer Public Sewer Tax Annual Amount 14974 Tax Year 2024 Total Actual Rent 8100 Water Source Public Year Built Details Actual Zoning R-6

Listing information © 2025 MLS Property Information Network. All information is deemed reliable but should be independently verified.
Listing provided courtesy of Won Ra of Premier Realty Group: 617-515-1162.


The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2025-02-09T09:03:55.763.
 
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The Gillach Group | William Raveis Real Estate
191 Grove Street
Chestnut Hill MA, 02467
Listing courtesy of Won Ra of Premier Realty Group.